Good Morning guys;
OIL has pushed the zone I was adamant would be met before its makes it decision of where the market will go next, Bullish are starting to show a slow down of buying pressure but overall oil is bullish so we can't rule out a move higher. Should oil break the zone I have marked than it's likely that the 81 region will start getting pushes BUT should oil find resistance here then a fall to the two marked zones is the next likely move.
I am short with a 2% risk and I will watch the charts closely for early signs of bullish development if I need to exit early.
This is a prime example of trusting you own analysis and sticking to your trading plan.
OIL has pushed the zone I was adamant would be met before its makes it decision of where the market will go next, Bullish are starting to show a slow down of buying pressure but overall oil is bullish so we can't rule out a move higher. Should oil break the zone I have marked than it's likely that the 81 region will start getting pushes BUT should oil find resistance here then a fall to the two marked zones is the next likely move.
I am short with a 2% risk and I will watch the charts closely for early signs of bullish development if I need to exit early.
This is a prime example of trusting you own analysis and sticking to your trading plan.
