Trade Day Game Play: Pullback to Long
After following the movements, the chart is still Bullish in nature.
Last trading day, price had bounced off 2.0050 level, made a higher high closing about 2.0220.
From there stochastics is in an overbought position, suggesting a pull back to near support area, and then from there we can expect another run back to 2.0330.
When the market opens up we will have to see how this sets up and adjust to any possible gap ups or down.
Once prices get to a buy position, then we will be able to go long.
Until that time, allow the market to play out, once trending, then we trade.
Happy Hunting.
Last trading day, price had bounced off 2.0050 level, made a higher high closing about 2.0220.
From there stochastics is in an overbought position, suggesting a pull back to near support area, and then from there we can expect another run back to 2.0330.
When the market opens up we will have to see how this sets up and adjust to any possible gap ups or down.
Once prices get to a buy position, then we will be able to go long.
Until that time, allow the market to play out, once trending, then we trade.
Happy Hunting.
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