Hey Mike ,
could you throw some thoughts on this one , please ?
Price is pushed more and more to 1.5500 BRN , which is very respected ppz in the past . There is a plenty of space to run upwards. Count the gap , and it looks tempting for a breakout and pullback setup .
But overall it's a sideways market and my asking is : Is this is a good reason to pass ?
I know it's nice to see big momentum followed by a breath taking consolidation , and then going with the flow on the breakout ... but how about this scenario ?
could you throw some thoughts on this one , please ?
Price is pushed more and more to 1.5500 BRN , which is very respected ppz in the past . There is a plenty of space to run upwards. Count the gap , and it looks tempting for a breakout and pullback setup .
But overall it's a sideways market and my asking is : Is this is a good reason to pass ?
I know it's nice to see big momentum followed by a breath taking consolidation , and then going with the flow on the breakout ... but how about this scenario ?