MATIC - Ranges overview (update)
Here is a quick look at the current pa on MATIC.
As we noted last time, IF we fail to break and hold above 0.75$ expect us to trade back towards the sellside liquidity resting around 0.5835$
We got the bearish move so let's see where the market wants to go from here.
IF we fail to reclaim the highs expect further pa to the downside.
IF we reclaim and hold expect us to head towards 1.1710$
Be PATIENT and let the MARKET COME TO YOU
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
As we noted last time, IF we fail to break and hold above 0.75$ expect us to trade back towards the sellside liquidity resting around 0.5835$
We got the bearish move so let's see where the market wants to go from here.
IF we fail to reclaim the highs expect further pa to the downside.
IF we reclaim and hold expect us to head towards 1.1710$
Be PATIENT and let the MARKET COME TO YOU
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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