This is my view of how to enter this trade for the upside that's more than likely to come soon.
Anyway, I will enter into a long position even if it will be for short term taking the risk of having a BE trade if it goes for another run to the downside. Eventually it will turn and go up.
If it breaks the trendline and corrects I will be more than happy to enter it for longer term, for at least a few hundred pips up.
Remember: you should not take this trade unless you have a well tested strategy for entering and managing it. Otherwise you will end up loosing money and blaming everybody but yourself of giving you a bad entry idea.
Anyway, I will enter into a long position even if it will be for short term taking the risk of having a BE trade if it goes for another run to the downside. Eventually it will turn and go up.
If it breaks the trendline and corrects I will be more than happy to enter it for longer term, for at least a few hundred pips up.
Remember: you should not take this trade unless you have a well tested strategy for entering and managing it. Otherwise you will end up loosing money and blaming everybody but yourself of giving you a bad entry idea.
Comment:
After an unsuccessful attempt to go upside, I am watching the price action and if it breaks and consolidates, I'll be a buyer. Please, please, do not enter into the trade without confirmation of upside (the consodlidation above the trendline) and without a SL, not mentioning a proper trade management strategy
Comment:
