Hello my dear friends,
Going through this currency pair gives unclear decision because of the consolidation it have, it's not normal consolidation, but extended one, that's why it gives unclear decision.
In such situation, you must have a trading plan,
We will play on the support and always be prepared for counter trade if anything happened to break even.
I'll clarify more,
We will first buy the market because it's closer to have an uptrend.
If and only if, the market goes below the support (the gray line) we will have a contrary trade.
This is not (UP or DOWN) analysis :) this support (gray line) is a key level.
Good luck and to be updated...
Going through this currency pair gives unclear decision because of the consolidation it have, it's not normal consolidation, but extended one, that's why it gives unclear decision.
In such situation, you must have a trading plan,
We will play on the support and always be prepared for counter trade if anything happened to break even.
I'll clarify more,
We will first buy the market because it's closer to have an uptrend.
If and only if, the market goes below the support (the gray line) we will have a contrary trade.
This is not (UP or DOWN) analysis :) this support (gray line) is a key level.
Good luck and to be updated...
Comment:
Still the selling pressure isn't too good, watch out
