maenshokri

Weekly Outlook: USDILS: Long

Long
maenshokri Updated   
FOREXCOM:USDILS   U.S. Dollar / Israeli Shekel
I wish price could move lower to capture a long trade from the extreme bottom as per my analysis for last week, but seems that the Dollar's up move for the past two trading days has ended my wish.
The plan is to go long on this pair as long as price prints higher highs and higher lows on the daily candles. We will take profit once a lower low is printed. Shorting USDILS is not on table for now.
Stop loss is 3.5730 if you can afford it, otherwise do not take this trade.
Trade active
Comment:
Failed to break the red trend line. Lets see how price closes today to decide if further up move or reversal is coming.
Comment:
Nice move

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