You can see on the one minute chart that there is extensive resistance at this point.
Currently our stop is at break even so we have no risk on this trade, but from a technical standpoint we really need prices to move higher from here.
Wednesday, December 19, 2007
Day Trade Update 12:19pm EST
We need prices to break back into the First Hors Range which is the dashed pink line, in order to keep this rally/stabilization pattern going.
You can see on the one minute chart that there is extensive resistance at this point.
Currently our stop is at break even so we have no risk on this trade, but from a technical standpoint we really need prices to move higher from here.
You can see on the one minute chart that there is extensive resistance at this point.
Currently our stop is at break even so we have no risk on this trade, but from a technical standpoint we really need prices to move higher from here.
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