Following yesterdays higher high, higher close above previous structure resistance, I would expect further movement to the upside.
If price action retraces down, then advanced pattern traders have two opportunities to get involved.
Potential Gartley pattern at 118.22 and a potential Cypher pattern down at 117.95
Stops would depend on your rule for placement but below X in either case.
Of course, if price action continues higher and violates the high, then both of these patterns will be invalidated.
If you are learning to trade but are overwhelmed by the information overload available on the internet, then come over to the live trading room to watch me trade live this morning for FREE , go to;
www.tradeempowered.co.uk
And don't forget to follow me on Twitter and Youtube where you will find tonnes of free, high quality content.
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twitter.com/J_Graystone
www.youtube.com/chan...u1S_OmR5XtM-AzL-_U1Q
www.facebook.com/JGraystoneTE/
www.instagram.com/j_graystone/
Good Luck!
If price action retraces down, then advanced pattern traders have two opportunities to get involved.
Potential Gartley pattern at 118.22 and a potential Cypher pattern down at 117.95
Stops would depend on your rule for placement but below X in either case.
Of course, if price action continues higher and violates the high, then both of these patterns will be invalidated.
If you are learning to trade but are overwhelmed by the information overload available on the internet, then come over to the live trading room to watch me trade live this morning for FREE , go to;
www.tradeempowered.co.uk
And don't forget to follow me on Twitter and Youtube where you will find tonnes of free, high quality content.
Click Below Now
twitter.com/J_Graystone
www.youtube.com/chan...u1S_OmR5XtM-AzL-_U1Q
www.facebook.com/JGraystoneTE/
www.instagram.com/j_graystone/
Good Luck!
