Here I have marked up the beginning of the sell trend. As medium and high impact news approaches, we want to see how it will affect this pair for the day and remainder of the trading week. I have set alerts for the potential of the pair continuing the sell trend and also two to verify that this pair is making a turn to buy.
As we can see, it has passed through the first test zone to support our suspicion that it will continue buying. Once it passes through the zone directly above it, that will be our chance to enter and make good profit. Remember, we are watching to see how the news will affect this pair so be prepared to buy or sell. That is why there are zone mark ups and alerts for each potential change in price action.
This trade has the potential to be profitable in long and short term. Choose wisely!
As we can see, it has passed through the first test zone to support our suspicion that it will continue buying. Once it passes through the zone directly above it, that will be our chance to enter and make good profit. Remember, we are watching to see how the news will affect this pair so be prepared to buy or sell. That is why there are zone mark ups and alerts for each potential change in price action.
This trade has the potential to be profitable in long and short term. Choose wisely!