There looks to be minor support and resistance ‘trouble’ areas all over the place in this market at the moment.
In many ranging markets we have clear range high and low support and resistance levels.
In this market however, there are minor support and resistance levels that are making it tricky to find any sort of high probability trades.
When price is moving like this with many minor support and resistance levels it makes it very hard to find a trade that is not at risk of being whipsawed out.
The best play with this market could be to watch for price action to start forming a clearer picture.
In many ranging markets we have clear range high and low support and resistance levels.
In this market however, there are minor support and resistance levels that are making it tricky to find any sort of high probability trades.
When price is moving like this with many minor support and resistance levels it makes it very hard to find a trade that is not at risk of being whipsawed out.
The best play with this market could be to watch for price action to start forming a clearer picture.
