This market has turned to chop in recent sessions.
As the attached daily chart shows; the bulls and bears have no clue who is in control.
Price makes a move higher, only to be crunched back lower in the next session.
This is a market (and similar looking markets) I am avoiding until we get a clearer price action picture and when there is far less risk of being whipsawed out of any trade position.
Until then, if we are looking to trade in these sorts of markets we run the very high risk of getting whipped out even if we pick the correct direction.
As the attached daily chart shows; the bulls and bears have no clue who is in control.
Price makes a move higher, only to be crunched back lower in the next session.
This is a market (and similar looking markets) I am avoiding until we get a clearer price action picture and when there is far less risk of being whipsawed out of any trade position.
Until then, if we are looking to trade in these sorts of markets we run the very high risk of getting whipped out even if we pick the correct direction.
