preflight check (I'm actually in already)
Right now we're trading within Friday's range... Price has tried the complete range of 54 pips. This is important.. We're at the top of the range and price is accepted.
The daily is in a shallow uptrend. For the bulls it only needs to stay in there and eventually break out on the top on increasing volume.
VWAP, point of control is going up. I am going with it... it may go up whole day. Some resistance at 1.2350 (4h)
Volume is light right now.
I am biased to the upside. Price has already tried/rejected the low of the day, low of Friday and is crawling up. There's potential to make new highs in a few days.
Right now we're trading within Friday's range... Price has tried the complete range of 54 pips. This is important.. We're at the top of the range and price is accepted.
The daily is in a shallow uptrend. For the bulls it only needs to stay in there and eventually break out on the top on increasing volume.
VWAP, point of control is going up. I am going with it... it may go up whole day. Some resistance at 1.2350 (4h)
Volume is light right now.
I am biased to the upside. Price has already tried/rejected the low of the day, low of Friday and is crawling up. There's potential to make new highs in a few days.
Trouble lies in what we believe to know for sure that just ain't so.
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