Daily Chart Inside Bar
Price is still stuck within the ranging box that we discussed at the start of the week on this one.
Price has now formed an inside bar and we may soon see price move higher to test the range resistance level.
Whilst this range and box holds we can look to trade both sides of the market long and short from the key daily levels.
If we can see price move into this range resistance level, then we can begin to look for short trades.
Short trades could be hunted on both the daily and intraday time frames such as the 4 hour and 1 hour time frames.
Price has now formed an inside bar and we may soon see price move higher to test the range resistance level.
Whilst this range and box holds we can look to trade both sides of the market long and short from the key daily levels.
If we can see price move into this range resistance level, then we can begin to look for short trades.
Short trades could be hunted on both the daily and intraday time frames such as the 4 hour and 1 hour time frames.
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