Morning everyone... Here is some possibilities that I see for today's intraday PA. First off we are in a bull channel on the 15 minute chart that currently has a LTL at around 132.20 and rising... The UTL is around 134.15 and rising. So with this I would look at prices to follow this channel until the LTL is broken... Now once that happens the probability strongly increases that we will have a reversal down. How far? Well it depends on different factors like today being a Friday so as the day wears on traders from each respective trading zone will close out a portion of their bull positions for profit, momentum near S/R areas etc...
I am looking at buys around 131.80 and a stronger buy at 130.80... It is what I have already set into play... If PA goes higher then these levels will go slightly higher but if not then they stand
I am looking at buys around 131.80 and a stronger buy at 130.80... It is what I have already set into play... If PA goes higher then these levels will go slightly higher but if not then they stand
Traderdesk -