Market are clearly trying to break higher. Support 1.1279 max 1.1264 atm to try to break above 1.1419 and to touch 1.1436
If lower then 1.13487 risk of sudden fall to the main support at 1.1288-1.1304
Mixed view still imho... from one side they try to climb, but the situation can change dramatically for fiber longs. Keep reasonable stop loss orders.
Cheers! Pls apply your own trading and mm rules in any case.
If lower then 1.13487 risk of sudden fall to the main support at 1.1288-1.1304
Mixed view still imho... from one side they try to climb, but the situation can change dramatically for fiber longs. Keep reasonable stop loss orders.
Cheers! Pls apply your own trading and mm rules in any case.
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From sentiment side all good news and expectations for fiber are already priced in double or even more times. The only way it is climbing is a magic of numbers, people want to see round numbers. Once it falls under critical support imho it is time to forget buy side. But until it climbing it will work for the crowd. This is called trend trading...
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That makes everyone so keen and happy with fiber?
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