maenshokri

MOVES Trading Weekly Outlook: USDILS: Neutral

FOREXCOM:USDILS   U.S. Dollar / Israeli Shekel
A trade AGAINST the UP TREND.

The current DOWN MOVE on this pair has started since 5 days with no signs yet appearing for the next UP MOVE. Accordingly, we are bearish on this pair up to the prior bottom and will take any reasonable upside pullback to sell, HOWEVER, I still believe that this pair should move to the upside and looking for the current MOVE to fail after crossing the green line.

MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
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