Not much Movement

Good Afternoon Dynamic Traders

Hope your all having a great week so far.
I decided not to post an update yesterday because I thought it would be better to wait till today when price might have moved some more. But as you can see from the day chart below, price has only moved sideways since my last update. Why is this?
If you can remember back to my last update on Monday you will remember I wrote about the resistance line that has held price back twice before. It’s this resistance line along with the RN that is holding price back.













If you are still in a long trade, this isn’t too much of a problem. We knew about this resistance area before price got there. It’s now time to be clever, but more importantly trust your analysis and trust your stop loss. This could be an exciting time for you.

It will be interesting to see if price can beat this resistance area by the end of the week.

Happy Trading

Richard Monnery