ANNNNNNND WE ARE back with another idea snpiers. Tonight's idea involves longing this pair aas i think we will be seeing som upward action over the next couple of hours, leading us into the london session.
As we can see here in my analysis, i have the trend channel which this pair is relatively stuck in and we just bounced from the trendline not too ling ago. Currently waiting for a break of the higher resistance levels so we can ride the wave up and lock in som enice profits. If we use another indicator, we can take a look at the EMA's I have marked on my chart and see the crossovers are developed which makes it more safe to assume that we will be going up.
If there is rejection at the first resistance i have marked, then i will wait for a confirmation of a sell and post it on here, but as of now im feeling the long position more than a short.
Thank you guys for stopping by and checkin out the idea, stay posted on my channel and dont be afraid to follow my trading view for more ideas, I will be trying ot post in the morning before NY session, its just hard waking up to post sometimes LOL i just want to focus but i got you guys!
As we can see here in my analysis, i have the trend channel which this pair is relatively stuck in and we just bounced from the trendline not too ling ago. Currently waiting for a break of the higher resistance levels so we can ride the wave up and lock in som enice profits. If we use another indicator, we can take a look at the EMA's I have marked on my chart and see the crossovers are developed which makes it more safe to assume that we will be going up.
If there is rejection at the first resistance i have marked, then i will wait for a confirmation of a sell and post it on here, but as of now im feeling the long position more than a short.
Thank you guys for stopping by and checkin out the idea, stay posted on my channel and dont be afraid to follow my trading view for more ideas, I will be trying ot post in the morning before NY session, its just hard waking up to post sometimes LOL i just want to focus but i got you guys!
