Will enter this next week as we have seen price come back to test the rectangular range and a nice daily closure rejection.
The zone has been in use for a very long time if you look back through the chart. Now that we have had a confirmed retest and a rejection in my opinion we are now 'eligible' for want of a better word, to make new higher highs. Optimistically looking at 1.26200 but may close out early if price action looks weak.
The zone has been in use for a very long time if you look back through the chart. Now that we have had a confirmed retest and a rejection in my opinion we are now 'eligible' for want of a better word, to make new higher highs. Optimistically looking at 1.26200 but may close out early if price action looks weak.