Proceed with caution with this one…
The move to the upside looks very positive, however, it has yet to take out any substantial zone…
The pull back may be on its way which will bring price back down towards the 45 zone…
As always, trade away from the peak formation, in this instance we have come from a W formation so we only favor longs, however for those who are wanting to be adventurerous, This play above may come around to bring things back in to the fray…
The current price action is brinks box behavior…
If you trade this move, trade light….Let the 5 and 13 ema, reveal intention…
Mad Love guys
T
