maenshokri
Long

Weekly Outlook: USDILS: Long with care

FOREXCOM:USDILS   U.S. Dollar / Israeli Shekel
As expected, this pair has tested the prior low and trying now to move higher. Its action form the new bottom (B) is not aggressive, therefore I will be watching it closely on the green line despite the fat that tomorrow's move could be to the downside.
I am not taking any trades on this pair now.
Trade active: As expected ... the green line has been tested today with a possiblity to close above the line which will remove the bears pressure and allow more green candles to the upside.
Comment:

Nice defeat for bears
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