Price is making higher highs and higher lows on higher timeframes indicating a bullish trend. Within intraday timeframes there is also bullish momentum, our goal is to enter the market with buy orders until the next support/resistance zone is hit.
Price has broken several major support/resistance zones, always use proper risk management when trading and always use a stop loss.
Happy trading
Price has broken several major support/resistance zones, always use proper risk management when trading and always use a stop loss.
Happy trading
Trade active:
It is important to wait for structure to break within smaller intraday timeframes to ensure enough bullish momentum.
Trade active:
If price breaks structure below the 77.00 level the trade is no longer valid. Be cautious as price seems to be showing signs of bullish exhaustion and loss of momentum.
Order cancelled