The range we have been discussing of late in this market continues to play out.
Inside the range we can see on the smaller intraday time frames that price has printed some thin price action and has not really gone anywhere for the trading week.
We now have a series of higher lows building on the 4 hour chart that could be indicating price is building momentum to the upside for a potential break back out higher.
However, whilst we have the higher lows, price has not formed any higher highs or even re-tested the extreme resistance of the range.
There is some mixed and sideways price action in this market at present and it could be best to wait for the picture to become a little clearer before hunting trades again.
Inside the range we can see on the smaller intraday time frames that price has printed some thin price action and has not really gone anywhere for the trading week.
We now have a series of higher lows building on the 4 hour chart that could be indicating price is building momentum to the upside for a potential break back out higher.
However, whilst we have the higher lows, price has not formed any higher highs or even re-tested the extreme resistance of the range.
There is some mixed and sideways price action in this market at present and it could be best to wait for the picture to become a little clearer before hunting trades again.
