D1 20SMA AND 50SMA
PRICE HAS FAILED TO CLOSE ABOVE 0.7700 3 TIMES ON THE D1
SLIGHT DIVERGENCE ON THE H4
HOWEVER, THE ONLY OFF THING ABOUT THIS TRADE IS THAT THE RISK REWARD CURRENTLY IS NOT FAVOURABLE. THUS, I MAY KEEP MY HANDS OUT OF THIS TRADE.
SUBSCRIBE LIKE COMMENT MY IDEAS IF YOU AGREE OR DISAGREE.
Based on my experience, price will usually fake the downside of the inside bar before going contrary to what most people have done (which is sell at the break of the inside).
All this is probable and require confirmation.
However, if you manage to catch a BUY at 0.7520. the reward can be so ... rewarding...
Subscribe like comment my ideas if you agree or disagree.
It motivates me to continuously post ideas i find profitable.