Price is in a fairly clear-cut trend one way in this market with all the recent momentum higher.
As the daily chart shows; price also recently broke higher and through the key daily resistance level.
This level looks like it could now act as a new price flip support level and a potential area to hunt long trades.
If price can now rotate back lower, then hunting trades at this level would be inline with the momentum and at a major level.
As the daily chart shows; price also recently broke higher and through the key daily resistance level.
This level looks like it could now act as a new price flip support level and a potential area to hunt long trades.
If price can now rotate back lower, then hunting trades at this level would be inline with the momentum and at a major level.
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