Genius_Method

Genius_Method

Here we see price has been consolidating a bit between the 89.500 and 89.400 range for the past 2 weeks. I personally have a Long bias on this pair but will only execute if we see the confirmation come in from the EMA's respectfully. Break out to the bottomside is also a possibility, however shorting this pair would only happen after a retest of the broken support...

Genius_Method

Potential long.

Genius_Method

IG - @DvInvestments

Genius_Method Updated 

Trade and get paid

Genius_Method Updated 

On the daily chart we see that price was being held and supported by the blue trend-line but more recently that support turned into resistance as price broke below the trend. Many traders make the mistake of trying to predict market behaviour and assume that (in this case) price would inevitably fall because of the recent retests of the trend and sometimes get...