Today's initial balance (IB) has been broken to the upside and tested. We are seeing some nice bullish activity (pin bars) as a rejection suggesting a bullish move is on its way.
I am targeting Friday's point of control @ 1.49660 and setting a tight stop loss at around @ 1.49100 which is our current VA low.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.