The upthrust bar breaking the 71 cents market has validated a new up-cycle in the hourly chart, with a movement quite strong in magnitude and velocity as stop got triggered it was reported.
The area of support between 0.7090/0.7100 has become the first potential accumulation point for buyers to re-group for a retest of the most recent swing high.
If you are looking to engage in long-side action, wait for at least 2 out of 3 correlated instruments to be in alignment. Currently, equities support the uptrend, bond yield spread does not, so the make or break determiner should be the DXY + Yuan indicator.
Monday’s volume profile structure resulted in a single distribution with the price closing around the same level as the POC. It still provides credence to be a buyer.
The area of support between 0.7090/0.7100 has become the first potential accumulation point for buyers to re-group for a retest of the most recent swing high.
If you are looking to engage in long-side action, wait for at least 2 out of 3 correlated instruments to be in alignment. Currently, equities support the uptrend, bond yield spread does not, so the make or break determiner should be the DXY + Yuan indicator.
Monday’s volume profile structure resulted in a single distribution with the price closing around the same level as the POC. It still provides credence to be a buyer.
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📓📓Learn Order Flow like a PRO:
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🧑🏫🧑🏫 Author of the #1 Order Flow Script:
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📧📧 DM me if doubts (100% response rate)
