Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
If it doesn’t break the resistance do you expect sells?
Black-Krim
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@kwonyoo, yeah, my thoughts too. I'm thinking of trading the short side using his strategy in older updates. Where previous support is now resistance.
He's implying that's it's still got upward momentum on the longer time-frames so might not be worth selling (if your just going long). It's tempering my enthusiasm for shorting but we'll see.
Rich1008
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Brilliant Maestro,
Absolutely brilliant. I am watching this pair very carefully as well, and have also noticed the accumulation schematic which will eventually lead into a continuation to the upside. The longer the accumulation, the stronger the push back up. Being a student of yours, I can really start to see how your teachings have shaped me into a better trader, and how now, our technical analysis is very similar. I will also take this as an opportunity to thank you gratefully for your hard work, and everything you put into your trading group. You are definitely not like most of the 'gurus' out there who abandon people once they get their money. I've been with your group over one year and its amazing to realize that it was worth joining your group. As a matter of fact, I think it is tremendously under-priced for all of the value you give. Nevertheless, thank you for everything Nic.