Looking for price to print a new higher high and close above 57.00 to confirm upside.
We are currently above the Daily 50ema and descending trend line and failed to make a lower low having rejected 53.75.
If we have a full body closure above 56.70 - 57.00 then we can look to go long on any form of a retrace.
If we fail to break above this structure then we can look to go short with our stops nicely protected above 57.00.
My overall bias is that this commodity has more potential to break to the upside.
If we do push higher from here then this will aid further downside for pairs like USDCAD.
Instagram: thetraveltrader (instagram.com/thetraveltrader)
Twitter: Fx_ollie (twitter.com/fx_ollie)
We are currently above the Daily 50ema and descending trend line and failed to make a lower low having rejected 53.75.
If we have a full body closure above 56.70 - 57.00 then we can look to go long on any form of a retrace.
If we fail to break above this structure then we can look to go short with our stops nicely protected above 57.00.
My overall bias is that this commodity has more potential to break to the upside.
If we do push higher from here then this will aid further downside for pairs like USDCAD.
Instagram: thetraveltrader (instagram.com/thetraveltrader)
Twitter: Fx_ollie (twitter.com/fx_ollie)
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。