Anyone who has been trading this pair knows the patience required. Its been moving lower over time and I think, that it may move to a new lower high.
This pair likes to play this rollercoaster ride thing. The history of the pairs price action before it broke to these higher price ranges has been kind of the same.
The last time it broke to these highs, it...
I wanted to point out the "price action" on the daily chart. The price action, I think, kind of speaks for itself.
Its more defined on daily then it is on the weekly.
Granted in may take a couple weeks to get there, but as Forex Traders, , we got nothing but time.
I just think that this pair has a lot of potential down side over time. And that's a lot of pips.
I thought it would be worth mentioning that this pair, on the weekly chart has been on its way down for a very long time. The recent price action suggests, in my opinion that it could be in for a substantial move lower in the coming weeks. 2800 PIP potential
This is my outlook what do you think ?
The weekly chart has been trending downward for some time. It has been making lower lows and lower highs and looks to be making a new lower low. I think I'll let this one play out for a little while and see if it pulls back to the upper trend line before placing a short position.
Please let me know what you think. I'm open to suggestions.
I think that this pair found a dramatic low the other day and is heading for the hills. It may pull back slightly on the 4H chart but as you can see I don't think by much.
I pick up a few pips on this pair Sunday night into Monday and I'm going to wait till the market opens again after the New Year begins to jump back into this trade.
Happy 2020 to all. Hope for...