Friday saw me closing shorts like everyone else and giving us this reversal candle. It does look like we are stuck in this year range for now.
.8467 and .8500 are the next targets for longs. It's a reversal candle on the daily but I won't be trading it, more looking for London open breaks and following those trades with low risk.
Serious overhead resistance in three places as marked. But big confluences at the triangle. If we break through the triangle .8535 - .8555 (and the 200dma will be there too) then longs take over.
.8467 and .8500 are the next targets for longs. It's a reversal candle on the daily but I won't be trading it, more looking for London open breaks and following those trades with low risk.
Serious overhead resistance in three places as marked. But big confluences at the triangle. If we break through the triangle .8535 - .8555 (and the 200dma will be there too) then longs take over.
Gone to a better place