Price currently appears to have strongly reacted Bullishly as its has entered a potential Demand Zone (white rectangle). At the same time price has formed a inside Bullish Divergence with the RSI (purple arrows). However it will be premature to enter a Long trade just now as i will be waiting to see price break above the 25 SMA (yellow line) then a retest to the SMA before i can go Long in this market. For now its a wait & see, more updates to follow folks , ((( PEACE OUT )))
Anulowano zlecenie:
Price rapidly moved upwards with no retracement,so as a PullBack Trader the chance did not arise for me to enter therefore my plan to trade this market is cancelled...Later guys :-)