Hello Everyone, Over here we have a great setup but the question is, is it ready? I say "dont catch the falling knife", but you cannot sell into a charging bull either. We must wait for a more conservative entry to assure we get the best R/R as this setup has potential to offer a greater than 1/10 if timed correctly. tomorrow is NFP, price may take off in london, or in NFP or may not react yet at all until next week..
What I will wait on, Either:
1- Bullish Price action gets corrective(sell from top)
2- Bearish price action confirmation(sell a TCP)
RSI is already making a bear impulse so I am looking into price following..
Please do share your ideas in the comments. Watch this pair closely for the next impulse, trade it safely, trade with a plan, stick to your plan and you will stay in profit blue! Show some support :)
What I will wait on, Either:
1- Bullish Price action gets corrective(sell from top)
2- Bearish price action confirmation(sell a TCP)
RSI is already making a bear impulse so I am looking into price following..
Please do share your ideas in the comments. Watch this pair closely for the next impulse, trade it safely, trade with a plan, stick to your plan and you will stay in profit blue! Show some support :)
Comment:
David K Giraldo
www.tradingview.com/x/NHeuQdlr/