This could potentially be a very structural trade. After the massive uptrend, we're finally witnessing price exhaustion.
1. Price trades to 102.47 highs.
2. The strength to the upside dies down as price only hits 101.
3. This inside bar indicates that sellers still have dominant strength. I'm anticipating selling strength to pick up if price breaches below the 99.155 level.
1. Price trades to 102.47 highs.
2. The strength to the upside dies down as price only hits 101.
3. This inside bar indicates that sellers still have dominant strength. I'm anticipating selling strength to pick up if price breaches below the 99.155 level.