Looking for a push further up towards 1.37000 from here we should see a sell off to 1.35000.
Why?
So a lot of retailer are short already (you only need to look a trading view to see this. We closed above 1.365000 so the next resistance zone is 1.37000. A touch towards 1.37 would line up with the top trendline and liquidate retail positions. Currently trading in an ascending wedge which is looking close to boiling point.
- 4:1 RR
Why?
So a lot of retailer are short already (you only need to look a trading view to see this. We closed above 1.365000 so the next resistance zone is 1.37000. A touch towards 1.37 would line up with the top trendline and liquidate retail positions. Currently trading in an ascending wedge which is looking close to boiling point.
- 4:1 RR
