This is a trade the PCT group have been in for a few days now with their stops trailed in profit.
The reason the stops have been trailed is because of the current price action story.
Whilst price rejected the obvious price flip resistance and sold back lower, in recent sessions on the intraday charts price has been increasingly sideways.
Price is now caught between two solid levels. Both could hold and both could act as potential levels to look for trades.
The reason the stops have been trailed is because of the current price action story.
Whilst price rejected the obvious price flip resistance and sold back lower, in recent sessions on the intraday charts price has been increasingly sideways.
Price is now caught between two solid levels. Both could hold and both could act as potential levels to look for trades.
