At pre-open, we are quoted in the 4420s to 4430s on the bid, and we are standing on the borderline with the descending triangle mentioned yesterday. However, momentum is still positive on intraday charts. Please see below the updated charts.
I will not be looking for a short entry and try to guess a top on this move unless momentum switches. Most likely, I'll either stay flat or look for a long entry or a scalp.
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