The area around 87.65 has been a solid resistance since early Feb. Time and again, price has been rejected there and recently the lows have become higher. The squeeze is on and I sense that another attempt to break out above will happen soon.
Will it succeed? I have no idea, we never do. But if there is a breakout and then a retest, I'll take the trade and take this as high as I can (within the limits of my discipline and patience) :)
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk so carefully managing your capital and risk is important. If you like my idea, please give a “boost” and follow me to get even more.
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Will it succeed? I have no idea, we never do. But if there is a breakout and then a retest, I'll take the trade and take this as high as I can (within the limits of my discipline and patience) :)
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk so carefully managing your capital and risk is important. If you like my idea, please give a “boost” and follow me to get even more.
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
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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.