UFTUSD Daily S/R| Dynamic S/R| Swing High| Price Action

2021년 3월 12일Evening Traders,

Today’s analysis – UFTUSD – trading above its Daily S/R where holding this level will be quite bullish,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Swing High objective
- Oscillators Neutral

UFTUSD’s immediate price action is finding support above its Daily S/.R, confirming a bullish retest will allow for a long bias.

The current objective is the swing high, exceeding this level will greatly increase the probability of a trend continuation.

Both oscillators are trading in the bullish control zones, remaining in these regions is indicative of strength.

Overall, in my opinion, UFTBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.
Michael Carr