Frustrating range unless you're scalping, in which case the up and down movement between the immediate MAs have provided numerous opportunities to scalp. The short from yesterdays grab 70-75 gave a nice return, still holding the long with the stop to entry. Support stands at the 50-55 level which could be due another test and resistance 70-75 which needs to break to go higher. Weekly is bullish, daily is bullish, 4H and 1H, concerning!
On the H4 chart we can see a bullish pennant forming where we can potentially see a breakout in the coming days!
On the H4 chart we can see a bullish pennant forming where we can potentially see a breakout in the coming days!