Watching Both Sides of the Market
We have been discussing this market quite a bit in recent times.
Whilst price action is in a fairly clear-cut range and sideways pattern, there are still some solid levels to look for trading opportunities.
Price has now moved above the mid-way point of the range and is looking to move into the highs.
As the daily chart shows; price formed an inside bar just above the price flip support level.
If this level holds we could look for a test of the resistance level for new potential short trades.
Whilst price action is in a fairly clear-cut range and sideways pattern, there are still some solid levels to look for trading opportunities.
Price has now moved above the mid-way point of the range and is looking to move into the highs.
As the daily chart shows; price formed an inside bar just above the price flip support level.
If this level holds we could look for a test of the resistance level for new potential short trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.