Hi Traders,
The bulls have reached the crucial level and in case of bull flag continuation should close the day above 1,3200 in my opinion. Closing the day with the upper shadow will provoke profit taking from long positions .... and I am counting on it patiently waiting for the end of day.
Alternative scenario: closing the day at least above 1,32, retest and with a positive PA long .....
Risk factors:
UK elections on Thursday
FOMC and USA. Consumer inflation Wednesday
USA vs China
Trump state of charge
Good luck
The bulls have reached the crucial level and in case of bull flag continuation should close the day above 1,3200 in my opinion. Closing the day with the upper shadow will provoke profit taking from long positions .... and I am counting on it patiently waiting for the end of day.
Alternative scenario: closing the day at least above 1,32, retest and with a positive PA long .....
Risk factors:
UK elections on Thursday
FOMC and USA. Consumer inflation Wednesday
USA vs China
Trump state of charge
Good luck