It’s Tuesday morning, and we’ve had a pretty interesting start to the week. Things flattened out toward the end of last week, and as the weekend rolled by it looked like we may just get a continuation of the flat action. By the open of play on Monday, however, things were looking a little more active. The activity carried through the Monday session, and we got chopped out a couple of times on some erroneous entries. Overnight was a little easier on us, and we managed to get in for a decent gain on a breakout scalp position.
So, as we head into a fresh European session today, how are we expecting things to play out? Let’s take a look.
As ever, take a quick look at the chart below to get an idea of what we are focusing on. It’s an intraday, five-minute candlestick chart with the last twelve hours or so worth of action displayed. Our range for the European morning session is displayed in green.
As the chart shows, we are looking at an intraday range