Big week on the calendar for both sides this week. Also a bit of news out of china. Will be setting some traps for breakouts on both sides. Will keep a tight profit target for an upside breakout, hope to let a downside drop run if we get the right data results.
There seems to be some strong price action signals every time price goes to support at .9205 so If we see a downside breakout caution must be exercised.
Downside moves in the past few weeks have been fairly large, albeit quick as this support level is holding pretty strong.
Should we monitor and wait for some increase in volatility? Maybe.
There seems to be some strong price action signals every time price goes to support at .9205 so If we see a downside breakout caution must be exercised.
Downside moves in the past few weeks have been fairly large, albeit quick as this support level is holding pretty strong.
Should we monitor and wait for some increase in volatility? Maybe.