Long term market is positive, but on the short term some correction should take place. Currently we have lower low and lower high. I go with the short term trend and while price stays below last resistance, continuation of the correction should take place.
Comments
Chartreader
⋅
Is there any news for the USD to be weaken! I think I missed that.
TLM
⋅
I do not follow any news. Sorry. Simple price action tells us a lot.
Chartreader
⋅
Hi TLM
I use both.
Cheers
AncientM
⋅
Yes TLM I am with this trade throughout the last week and after correction, I will buy again.
TLM
⋅
After the correction, I am too have intention to get long. But I will wait for the clear indications to the up side.