Last post: June 7th. See chart.
Review: Price had moved above the resistance level and was also above the £30.00 round number.
Update: Price has now pulled back to the support level which was previous resistance.
Conclusion: We have to see if the support level can hold price up. We can then look for long trades when the previous high is broken on the daily timeframe.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Review: Price had moved above the resistance level and was also above the £30.00 round number.
Update: Price has now pulled back to the support level which was previous resistance.
Conclusion: We have to see if the support level can hold price up. We can then look for long trades when the previous high is broken on the daily timeframe.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading