Whats up you guys, sorry i havent posted in a couple days, ive been dealing with personal issues. Anyways, hope everyone who follows me enjoyed that much needed weekend. Without further a due, lets take a look at this market analysis that i have drawn up this morning...
So, as we can see from Sunday's market moves, price was able to push up from the previous area of the 300's. we are currently in the 700's and i was able to scalp a long order after the break of the first level, which was acting as a resistance before it was broke. Currently i am looking for longs more than i am for shorts and this is the case because our commanding trend is upwards since we had strong bullish movement around the london session.
I have 2 possible scenarios in place, and of course im leaning towards price pushing up and continuing this momentum, but we cant ignore the fact that a reversal could take place as often as they can happen. Regardless of that, i am currently waiting on a pull back/ retest of that previous resistance at 669. after i see a retest and a push back up, i will enter another long looking to take out the target around 979, so from lets say 700 to 979, we are looking to around 270 pips depending if you hold for the entirety of the trade.
Use correct risk management and trade safe snipers
So, as we can see from Sunday's market moves, price was able to push up from the previous area of the 300's. we are currently in the 700's and i was able to scalp a long order after the break of the first level, which was acting as a resistance before it was broke. Currently i am looking for longs more than i am for shorts and this is the case because our commanding trend is upwards since we had strong bullish movement around the london session.
I have 2 possible scenarios in place, and of course im leaning towards price pushing up and continuing this momentum, but we cant ignore the fact that a reversal could take place as often as they can happen. Regardless of that, i am currently waiting on a pull back/ retest of that previous resistance at 669. after i see a retest and a push back up, i will enter another long looking to take out the target around 979, so from lets say 700 to 979, we are looking to around 270 pips depending if you hold for the entirety of the trade.
Use correct risk management and trade safe snipers