Range Mid-Way Point Holding
We discussed this market in the daily ideas this week where we said “If you flick to your daily charts you will see an inside bar along with other indecision candlesticks showing the bulls and bears both have no control.”.
Price did make an attempt at the box resistance high, but just as quickly as it made this test it snapped back lower.
As the 4 hour chart shows; price is now trading at the mid-way support level of the range.
The previous analysis stands; whilst happy to look for trades from the range swing high and low, not keen on making trades from the middle levels.
Price did make an attempt at the box resistance high, but just as quickly as it made this test it snapped back lower.
As the 4 hour chart shows; price is now trading at the mid-way support level of the range.
The previous analysis stands; whilst happy to look for trades from the range swing high and low, not keen on making trades from the middle levels.
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