By Claus Andersen
21. oktober 2019
15 min chart:
Price is flirting with major resistance. It is usual for price to stall and trade sideways at these major resistance areas. I like to sell the highs and buy the lows. There is a good move in it if you catch the BO. But be aware that 80% of BO attempts fail. The upper half of the blue range has not been traded as much as the lower half. That makes it a bit more unpredictable. Are the sellers still present at 12.820? We will have to wait an see. I got a food long trade this monday, but got burned on the open sell signal.
The support and resistance areas have been adjusted.
Have a nice trading week.