1hr Money Spot - RR 2.1
Updated
Strong bullish momentum is trending price up into the sellers breach zone which should cause a price surge. At the moment its still looking like buyers have control, despite some seller retracement.
BUT this breach takes price into a strong sellers resistance zone so although buyer momentum MAY breach and take it us up there I expect price to return downwards after touching the green line.
Hence a sell could be on from that point also
BUT this breach takes price into a strong sellers resistance zone so although buyer momentum MAY breach and take it us up there I expect price to return downwards after touching the green line.
Hence a sell could be on from that point also
Note
Buyer breach is developing nicelyNote
If you haven't already caught this buy trade, buyers seem to be exhausting so be very careful now. It was a tricky one to enter but played out as anticipated.Chances of a dip are far more likely from this point tho.
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