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...
Depending on the waves I think we have finished or we are near the end of the second wave
The current UP MOVE on this pair has started since 4 days and no signs yet appearing for the next DOWN MOVE. Accordingly, we are bullish on this pair up to the prior top and will take any reasonable downside pullback to buy. MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending...
A first rejection has been seen at 3.44 but failed to trigger the green line whereby a retest for the 3.44 level is very possible taking into consideration the coming corrective down move on DXY. I will only join UP moves and not interested in any down moves on this pair.
This pair is still not ready to buy, meantime, I do not recommend selling from this level as an up move might appear at anytime knowing that RSI is now under the oversold territory of 20. Still looking for sings to go long.
Friday's candle has printed a Higher High and this pair will, at east, correct back to the green line. Not ready to buy yet.
Finally, price has reached to my buying level and forming a reversal channel. I will start buying once one daily candle prints a higher high and a higher low. I am not using a stop loss for this pair at all. Good luck.
Friday's candle was a good and a strong candle clearing the Thursday's candle high. This level could be the bottom for this pair and an impulsive up move might be starting. Retesting the green line is the first target and I will not use a stop loss for this trade.
we are currently "attacking" big support zone couple of times and that means we are going to break it UNLESS a false break ( v-shape) will accure and then a sharp up swing is possible. + since we had last false break swing from above then i'm bearish for the moment. in any case, there are magnet zones marked - those need to be hit without many retrace after a...
We are waiting for broken support