Lower High In?

13 בנוב׳ 2023

As price consolidates ahead of Employment Data this week, we can see that over the last few sessions, price has been hovering around the 7.000 area; an important level in the AUX Market. If the bearish forces remain dominant and price fails to break the previous Lower High; we could see a good set up for shorts over the next few trading days. However, if price remains is consolidation or breaks above the previous LH; this could indicate a shift in momentum to the upside; in that case, a fresh analysis would be required.

Patience is a Position