We can see a nice range where RR is in at the moment, this is the same range from a small period in 2015.
We also see a small compression in the last weeks. This could result in an impulse.
Because of the third lockdown in UK we expect an impulse going down, touching the support level around.
3 Entry's:
1)If you don't want to miss it out, you can open an aggressive entry around 103.
2) If you are looking for a safe entry you can also enter around the support level (88)
3) The third entry is around 67 , also the bottom green line, in a worst case scenario it possibly can drop this low.
Keep in mind there is a small chance that it will hit that level again.
#TradingTipsUK
#TradingTipsTA
We also see a small compression in the last weeks. This could result in an impulse.
Because of the third lockdown in UK we expect an impulse going down, touching the support level around.
3 Entry's:
1)If you don't want to miss it out, you can open an aggressive entry around 103.
2) If you are looking for a safe entry you can also enter around the support level (88)
3) The third entry is around 67 , also the bottom green line, in a worst case scenario it possibly can drop this low.
Keep in mind there is a small chance that it will hit that level again.
#TradingTipsUK
#TradingTipsTA