We are trading at resistance (1.3450/1.3415) and if we clear it, we could go to 1.37. This would be the next stop. However looking at a 12 month Market Profile Chart, we see that right now we are trading at Value Area High and this is important because if we fail to breach it, then the next stop will be the point of control at 1.3050.
We can see also that divergences are present and oscillators are overbought, which means that we need to have a lot of strength to get through the current resistance zone.
Safest thing right now if to go down to lower time frames to figure what the tape is telling us.
Trade well...
S.
We can see also that divergences are present and oscillators are overbought, which means that we need to have a lot of strength to get through the current resistance zone.
Safest thing right now if to go down to lower time frames to figure what the tape is telling us.
Trade well...
S.