Price is closing the gap above. We have expected this for some time.
We have not confirmed a monthly low yet since price was a strong bear before. For a low to form, we need atleast 2 bars of the same color. So, we expect the nov bar to be bullish as it ends.
So price above the open is key.
Your strategy, knowing this is a retrace up and eventually will go down probably at the last quarter of the month is to focus on the daily rsi and find opportunities when it goes through the 50 and be Conservative in taking 10 pips. It may not be much but it will stack egeryd.
We have not confirmed a monthly low yet since price was a strong bear before. For a low to form, we need atleast 2 bars of the same color. So, we expect the nov bar to be bullish as it ends.
So price above the open is key.
Your strategy, knowing this is a retrace up and eventually will go down probably at the last quarter of the month is to focus on the daily rsi and find opportunities when it goes through the 50 and be Conservative in taking 10 pips. It may not be much but it will stack egeryd.