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Monday 17th July 2023 Market Weekly Rundown

Jul 18, 2023

Hi guys,


So the market has been pumping last week and today we have seen some strength in the price that really moved the market and provided for a lot of opportunities, we still have a direction to the upside for the time being and we can see the possibilities of this moving up even more!


With that being said, we do have to remember that we are extended well away from the emas on the trading timeframes with a possible pullback on the cards, but having broken out of a trend channel to the upside on the Daily chart I would say the expectation is with the current market sentiment and most likely pushing more to the upside in the coming days, of course, there are always likely to be opportunities to take advantage of moves that are happening in both directions as short term day traders.


Alrighty guys, that will wrap it up for this week's market rundown. If you have questions, please feel free to reach out to us at info@responsibledaytrading and we will be more than happy to help you out.

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