UFTUSD Daily S/R| Dynamic S/R| Swing High| Price Action
Evening Traders,
Today’s analysis – UFTUSD – trading above its Daily S/R where holding this level will be quite bullish,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High objective
- Oscillators Neutral
UFTUSD’s immediate price action is finding support above its Daily S/.R, confirming a bullish retest will allow for a long bias.
The current objective is the swing high, exceeding this level will greatly increase the probability of a trend continuation.
Both oscillators are trading in the bullish control zones, remaining in these regions is indicative of strength.
Overall, in my opinion, UFTBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.
Michael Carr
Today’s analysis – UFTUSD – trading above its Daily S/R where holding this level will be quite bullish,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High objective
- Oscillators Neutral
UFTUSD’s immediate price action is finding support above its Daily S/.R, confirming a bullish retest will allow for a long bias.
The current objective is the swing high, exceeding this level will greatly increase the probability of a trend continuation.
Both oscillators are trading in the bullish control zones, remaining in these regions is indicative of strength.
Overall, in my opinion, UFTBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.
Michael Carr
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
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.