Market has 2 options from at this point read notes on chart:
Option 1: If the BULLS are able to break the up trend line around the 108.00, retraces and uses 108.00 as past resistance as new support, I will look to BUY up to 112.00 with a stop below 108.00
Option 2: If the BEARS can hold the position and it rejects 108.00 I will look to SELL down to the 105.00 area with a stop above the 108.00 area
If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for?
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
Option 1: If the BULLS are able to break the up trend line around the 108.00, retraces and uses 108.00 as past resistance as new support, I will look to BUY up to 112.00 with a stop below 108.00
Option 2: If the BEARS can hold the position and it rejects 108.00 I will look to SELL down to the 105.00 area with a stop above the 108.00 area
If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for?
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
