We've been in an uptrend for 7 sessions now so I'm watching as price fails at the daily range high.
The 30 day ADR is 79 Pip and we've already moved 66 so there may be limited potential for a trade today.
Is that a Daily H&S? It's not super clear but some traders may be considering this so a break and close above on the D chart could signify a larger run higher. This would correlate nicely with the ADR if we close outside by 10 pips.
Intra day I'm watching the 30min and 5min detail to see if we get a volume spike with little movement to signify a direction change, but I'd say be careful right now and the patience will pay off.
Check out my blog
RuckSack.medium.com
The 30 day ADR is 79 Pip and we've already moved 66 so there may be limited potential for a trade today.
Is that a Daily H&S? It's not super clear but some traders may be considering this so a break and close above on the D chart could signify a larger run higher. This would correlate nicely with the ADR if we close outside by 10 pips.
Intra day I'm watching the 30min and 5min detail to see if we get a volume spike with little movement to signify a direction change, but I'd say be careful right now and the patience will pay off.
Check out my blog
RuckSack.medium.com
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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.
Disclaimer
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.