Just last week, we saw some pretty good price actions with Cityneon attemping to break above the key 1.00 level....
Has been trying to do that all along over the past 8 months but has always been met with selling and a retracement lower.
Finally, the move came...
And buyers came back but there were some heavy profit taking along the way also...
See chart and target sent then!
For illustration purpose only
Over the past few days, we have see the 1.05 temp resistance giving way too...
Leading to buyers returning...
Has almost hit our 2nd target at 1.10 today where some profit taking seen, which is normal..
Still good to go?
Let’s take a look at the PTI System to see what it says..... ;)
For illustration purpose only
We have had several entry and exit signals since May 2017 but the most recent one was...
...on 25th August 2017... Specifically a 1ET BULLISH ENTRY Signal
Exactly 2 weeks ago...
It has started its ascent since then gradually and...
The thing is, we are not seeing any exits yet.... for now...
There could be some selling seen for now but it may attempt to test the 1.10 resistance again...
We will be looking to see when the EXIT SIGNAL comes out... ;)
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