Knocked on the 0.060 level many times now and it is beginning to crack, 0.065 will be key if we can break above this level and stay above for more than a peek-a-boo moment we will have a solid support band to work from going forward. Price action is looking good continuing to form rounding lows at a steady pace. If however, we spike up to highs we are likely to see a sharp pullback from those levels.
The ideal formation would be a nice steady grind over the next few weeks to all-time highs forming the cups for much much bigger moves in the longer term.
The ideal formation would be a nice steady grind over the next few weeks to all-time highs forming the cups for much much bigger moves in the longer term.
