This commodity has been showing healthy upside in the recent weeks / months due to the global uncertainty starting to affect the dollar.
I recon we still have room for further upside as we managed to produce a higher high and break through the current resistance.
Make sure you take profit at 1500, as we will likely see a huge drop downwards after that point.
SL is large, because it is best to include 100 SMA aswell as 50 SMA whilst we try to break through resistance.
I recon we still have room for further upside as we managed to produce a higher high and break through the current resistance.
Make sure you take profit at 1500, as we will likely see a huge drop downwards after that point.
SL is large, because it is best to include 100 SMA aswell as 50 SMA whilst we try to break through resistance.
Commentaire:
Interesting turn out with the interest rate cut yesterday, trade is still live and active, absorbed by the high time frame analysis.