The analysis shows potentially a good area to long. The box drawn out shows a bullish orderblock that is yet to be touched: additonatlly, the 200EMA is just above my area of interest.
Trading on the back end of last week, there seems to be alot of voulme pushing both directions.
If price is looking to break currently weekly highs, there needs to be a collection of orders.
This area whereby this collection could occur is shown with the OB on my chart.
I will be looking for intraday postions when market opens and will post any if i believe to be good.
Hope everyone had a great weekend, cheers to a good week of trading.
Trading on the back end of last week, there seems to be alot of voulme pushing both directions.
If price is looking to break currently weekly highs, there needs to be a collection of orders.
This area whereby this collection could occur is shown with the OB on my chart.
I will be looking for intraday postions when market opens and will post any if i believe to be good.
Hope everyone had a great weekend, cheers to a good week of trading.