Price is testing a major level of Resistance on the 4H TF that was broken last week. This current movement up could be a pullback for price to reject and then continue bearish once 35280 is broken. Or price can find support from the 200EMA and then continue its bullish movement to retest the previous high at 35900. Waiting for market open volume at 9:30 am to look for a potential buy or sell depending on how price action moves. It is more ideal to wait until the 15M candle or 30min candle to close first before placing a trade with the establish direction.
Commentaire:
Bullish continuation most likely to retest the highs
Commentaire:
Price is currently ranging. Might actually stay in this range considering its the holidays and volume is flat