This is another market that has become frustrating to trade just at the minute.
Whether you are a bull or a bear, the conditions are tricky at the present time.
Whilst the trend this year is higher, in recent times we have had a serious amount of consolidation and ranging. On top of that there are many minor levels both on the daily and intraday time frames that could see price reverse.
Whilst bearish traders may now be looking to take short trades from the price flip level that I have highlighted, I am looking to trade other markets at the moment as this market has been producing plenty of minor false breaks and trap patterns.
Thanks for your like and comments....
Whether you are a bull or a bear, the conditions are tricky at the present time.
Whilst the trend this year is higher, in recent times we have had a serious amount of consolidation and ranging. On top of that there are many minor levels both on the daily and intraday time frames that could see price reverse.
Whilst bearish traders may now be looking to take short trades from the price flip level that I have highlighted, I am looking to trade other markets at the moment as this market has been producing plenty of minor false breaks and trap patterns.
Thanks for your like and comments....
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.