Hello traders!
We have a new week here and after the very lazy end of the previous week we are looking forward to some new opportunities. The opening today was very big and it looks like the market is rested and ready for some nice movements. We have over 400 pips opening gap to the upside and the price has been going up all day. There were some nice intraday opportunities from my perspective, but now the price hit very important resistence at around 10 000 EUR.
We can not tell if buyers are going to be strong enough to continue to push the price higher yet, but usually some retracement takes place from such a strong level, so don't be rush with your breakout long trades. ;-)
We are going to wait for some confirmation of the breakout or collapse back to the trading range before making any swing trade, so stay tuned for new updates!
Good trading, guys!
FINEIGHT Team
We have a new week here and after the very lazy end of the previous week we are looking forward to some new opportunities. The opening today was very big and it looks like the market is rested and ready for some nice movements. We have over 400 pips opening gap to the upside and the price has been going up all day. There were some nice intraday opportunities from my perspective, but now the price hit very important resistence at around 10 000 EUR.
We can not tell if buyers are going to be strong enough to continue to push the price higher yet, but usually some retracement takes place from such a strong level, so don't be rush with your breakout long trades. ;-)
We are going to wait for some confirmation of the breakout or collapse back to the trading range before making any swing trade, so stay tuned for new updates!
Good trading, guys!
FINEIGHT Team