Hello All , hope you all had an amazing weekend and welcome back to today's analysis,
As i had indicated last week once we see a breakup at 1837 we should expect the rise or in other words our uptrend move to continue rising towards TP -1852 -1861 and possibly extend further to 1880-90,As of now we have a breakup already and Targeting the same exact TP'S. Also keep note that the same uptrend formation seen could be a correction pattern so in this scenario we will be looking at the price action movement and hopefully be able to understand where our trend is headed to. We can also see we have our trend line broken for now which is also an indication of bears loosing momentum.
About the fall expectation last week, it did go through but then didn't go as expected but Im still holding to my open trades unless i identify a change in movement only then will have to cancel my trades.
Today's seems all bullish but we are yet to confirm, Currently we are at resistance level 1843 if we get the breakup then this is one of the confirmation for my uptrend, it can as well extend further to 1848 and then bounce back, so be careful in identifying the breakouts before executing, i'm currently on scalping which also means i am on short term periods and yes opportunities are unlimited, so let's see what the day has in store for us.
Up until then you all have a wonderful blue trading week.
As i had indicated last week once we see a breakup at 1837 we should expect the rise or in other words our uptrend move to continue rising towards TP -1852 -1861 and possibly extend further to 1880-90,As of now we have a breakup already and Targeting the same exact TP'S. Also keep note that the same uptrend formation seen could be a correction pattern so in this scenario we will be looking at the price action movement and hopefully be able to understand where our trend is headed to. We can also see we have our trend line broken for now which is also an indication of bears loosing momentum.
About the fall expectation last week, it did go through but then didn't go as expected but Im still holding to my open trades unless i identify a change in movement only then will have to cancel my trades.
Today's seems all bullish but we are yet to confirm, Currently we are at resistance level 1843 if we get the breakup then this is one of the confirmation for my uptrend, it can as well extend further to 1848 and then bounce back, so be careful in identifying the breakouts before executing, i'm currently on scalping which also means i am on short term periods and yes opportunities are unlimited, so let's see what the day has in store for us.
Up until then you all have a wonderful blue trading week.