Squeezed between two zones.
Two possible areas of interest, one is 4483.50/4489.50 this is a naked weekly zone that really needs testing, as in my opinion there are still a fare amount of longs trapped.
the second area is 4410.00/4421.00 this area has been tapped, but needs further testing it is a Monthly zone, below that is a further naked weekly zone. That area interest me the most as I would expect a fair amount of bulls waiting for entry.
So my play on this scenario is firstly a breach of either two zones, we will opening bang right in the middle of two day zones, so I shall wait for a breach, a possible re-test and a continuation to the above mentioned areas.
the second area is 4410.00/4421.00 this area has been tapped, but needs further testing it is a Monthly zone, below that is a further naked weekly zone. That area interest me the most as I would expect a fair amount of bulls waiting for entry.
So my play on this scenario is firstly a breach of either two zones, we will opening bang right in the middle of two day zones, so I shall wait for a breach, a possible re-test and a continuation to the above mentioned areas.