After multiple rejections of 0.5950, we saw a huge stimulus of buying which has now taken price up to the 0.6400 zone.
We have recently seen rejections in this area, and what is noticeable is that the most recent price action appears to be slowing down, with the higher highs and lows not significantly advancing.
Is this a sign to exit any buy positions and anticipate sells?
This is an idea of what may happen. You should always trade with a well tested and profitable trading strategy using good risk management.
We have recently seen rejections in this area, and what is noticeable is that the most recent price action appears to be slowing down, with the higher highs and lows not significantly advancing.
Is this a sign to exit any buy positions and anticipate sells?
This is an idea of what may happen. You should always trade with a well tested and profitable trading strategy using good risk management.
Low-Cost Trading, for everyone, everywhere.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Low-Cost Trading, for everyone, everywhere.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.