Well, here's my simple analysis based on concepts in the James16 thread. An inside bar has formed on the daily off of support, which means consolidation with a possible breakout. If we break up, I can see price going to the 145 to 148 areas. If this is yet another weak countertrend rally, price ain't getting no higher than 148, which is the same place it stalled on the 19th.
If the bear camp is still in business, 133 to 131 is the next level of support on the weekly chart. Whether up or down, I want to make some pips. We're all learning from each other, so let's go forward and do this "thang".
Peace.
If the bear camp is still in business, 133 to 131 is the next level of support on the weekly chart. Whether up or down, I want to make some pips. We're all learning from each other, so let's go forward and do this "thang".
Peace.
"Don't trade to trade . . . trade to win." - James16