In the daily chart above, we see how the bulls have taken control of the market before the recent pullback. The wedge pattern has been broken to the upside and the price has retraced to the demand area. What next? The answer is that the bulls may continue pushing the market to the upside in the coming week because of the bullish pin bar that has been printed on the h4 timeframe, as this is an indication of weakness in the bears.
Trade with sense; don't just jump into the market blindly. Wait patiently for confirmation.
Trade with sense; don't just jump into the market blindly. Wait patiently for confirmation.