Watching Both Sides of the Market
We have been discussing this market quite a bit in recent times.
Whilst price action is in a fairly clear-cut range and sideways pattern, there are still some solid levels to look for trading opportunities.
Price has now moved above the mid-way point of the range and is looking to move into the highs.
As the daily chart shows; price formed an inside bar just above the price flip support level.
If this level holds we could look for a test of the resistance level for new potential short trades.
Whilst price action is in a fairly clear-cut range and sideways pattern, there are still some solid levels to look for trading opportunities.
Price has now moved above the mid-way point of the range and is looking to move into the highs.
As the daily chart shows; price formed an inside bar just above the price flip support level.
If this level holds we could look for a test of the resistance level for new potential short trades.
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