Using the range I established the other day, I expect it to continue upwards. ADX remains well below the 25 threshold, and the DI+ is high which is encouraging. Starting to incorporate Risk/Reward into my analysis.
Previously drawing the range onto this graph, I decided to look at the ADX, with an increasing buy signal (+DI) and the ADX line remaining below 25, it strongly suggests the range is going to go in my favour. A short term trade with at least a 2p range.
ON a 4 hour chart, the inclined range is quite clear. Expected to be upwards due to general brexit worries. Certainly worth exploring the potential exploitation of this 2p range. Not a lot will happen in terms of Brexit negotiations over the next few months due to the election, and there should be no surprises with the election, so I expect the market to remain in...
