10th Dec Market analysis
452.7 buy/466 sell/ 446 stop-loss
Previous day P/L: -3.9
We have two hammers that stopped the previous dump, and a big bullish candle covered most of the decline. Price is moving around the upper band of the downtrend channel and it also happens to be a resistance level. If we change the timeframe to 1 hour, it tends to look like consideration is happening and the price almost stands on the upper band.
452.7 buy/466 sell/ 446 stop-loss
Previous day P/L: -3.9
We have two hammers that stopped the previous dump, and a big bullish candle covered most of the decline. Price is moving around the upper band of the downtrend channel and it also happens to be a resistance level. If we change the timeframe to 1 hour, it tends to look like consideration is happening and the price almost stands on the upper band.