Swing Long Instead Of Scalp
Inside bar is formed therefore market is indecisive and high leverage will get kicked out.
Instead of scalping now it's possible to open swing long position. Expect rally and correction to last 14-20 trading days. Market loves triangles and wedges.
Key level to watch:
break above 103.4 next retest 105,
break above 105 next resistance at 108.7
Trading Volume per minute must maintain at least the same strength with 28-29 March to break above 108.7 to shinryuken to 115-120
Key level to watch:
break above 103.4 next retest 105,
break above 105 next resistance at 108.7
Trading Volume per minute must maintain at least the same strength with 28-29 March to break above 108.7 to shinryuken to 115-120
Correction scenario:
break below 101.3 will retest 100.5
support area is 97.6 - 100; next support 95.4; break below may Oicho Throw to bottom 92
break below 101.3 will retest 100.5
support area is 97.6 - 100; next support 95.4; break below may Oicho Throw to bottom 92
Good luck in trading and highly appreciate to get feedback with high quality analysis without bias and without fear defending your position please.
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