MOVES Trading Weekly Outlook: USDILS: Long
A trade AGAINST the DOWN TREND.
The current DOWN MOVE on this pair has started since 8 days with no signs yet appearing for the next UP MOVE. Accordingly, we are bearish on this pair down to the prior bottom and will take any reasonable upside pullback to sell, however, I am not looking to short this pair as I believe that Shekel is over valued and should turn lower in near future, therefore, I will look to buy this pair near the prior bottom. Today is not the right time for buying USDILS.
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.
The current DOWN MOVE on this pair has started since 8 days with no signs yet appearing for the next UP MOVE. Accordingly, we are bearish on this pair down to the prior bottom and will take any reasonable upside pullback to sell, however, I am not looking to short this pair as I believe that Shekel is over valued and should turn lower in near future, therefore, I will look to buy this pair near the prior bottom. Today is not the right time for buying USDILS.
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.
Comment:
Not ready yet
Comment:
First sign appeared and waiting for tomorrow's confirmation