Hi traders,
Same like USDJPY in my previous post, this time i have two sell scenario.
But for me i will choose the upper one because it is near the trend line, but if the price goes down directly. i will missed entering this trade.
So the entry and exit strategy is up to you guys, whether you use support resistance or moving average cross, etc.
So Good Luck and Trade Wisely
Same like USDJPY in my previous post, this time i have two sell scenario.
But for me i will choose the upper one because it is near the trend line, but if the price goes down directly. i will missed entering this trade.
So the entry and exit strategy is up to you guys, whether you use support resistance or moving average cross, etc.
So Good Luck and Trade Wisely
Comment:
Pounds show strenght. This pair already around it's limit for the downtrend. it could go one more down. but i'm not sure. so i will not jump into the trade directly in second resistance. i will look for breakout. no breakout no trade, because this pair could have bigger retracement or reversal