1. as you can see the arrows indicate support resistance zone.
2, we have pulled back into a resistance zone both horizontal and the trend line
3. this zone has been a area of contention many times over the last 6 months or so
4. short signal is all I will look for - don't just jump in come market open but wait
to see what forms at this area if I get a short signal I will take it within the first
24,48 hrs of market open.
5. if no short signal is provided then no go - wait on side lines or go to diff pair.
6. as always ask yourself before you take a trade or listen to someone else - "does
this make sense?" based on what you SEE on the chart.
2, we have pulled back into a resistance zone both horizontal and the trend line
3. this zone has been a area of contention many times over the last 6 months or so
4. short signal is all I will look for - don't just jump in come market open but wait
to see what forms at this area if I get a short signal I will take it within the first
24,48 hrs of market open.
5. if no short signal is provided then no go - wait on side lines or go to diff pair.
6. as always ask yourself before you take a trade or listen to someone else - "does
this make sense?" based on what you SEE on the chart.