This trade is posted based on the DAILY TREND LINE tool (already explained into my education chart on SILVER ), whereby the DAILY TREND LINE (red line) is still standing at the support level of 1.1035 despite the fact that price has closed below it on Friday.
I expect that price will test it on Monday and shift from its current support level to a new resistance level by the close of Monday's candle and to put more pressure on this pair.
You can this pair from the dotted and regular blue lines and aggressive traders can short from the regular yellow line.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
I expect that price will test it on Monday and shift from its current support level to a new resistance level by the close of Monday's candle and to put more pressure on this pair.
You can this pair from the dotted and regular blue lines and aggressive traders can short from the regular yellow line.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
Trade active:
The DAILY TREND LINE has shifted from the support level to the resistance level and now pushing the price lower.
A bearish candle is being formed for today.
The DAILY TREND LINE has shifted from the support level to the resistance level and now pushing the price lower.
A bearish candle is being formed for today.
Comment:
A successful trade. Congratulations