About meI like rum and simple chart analysis.
The ideas I post are just my initial perspective of the charts next move.Assess and adapt.
Bet what you see, not what you want to see.
Mindset and betting psychology is more important than any strategy or system
Price is consolidating.. a break above 0.97000 considered a bullish market, a break below 0.94000 considered a bearish market.
Around the 0.95500 level is the mid price of the consolidation.
Waiting for moving average set ups on lower time frames as confirmation of direction.
Friday 4th september candlestick close on daily time frame is showing SMA sell set up...
Buy idea +150 pips
price is currently consolidating on the trend channel support after a down move from the trend channel resistance.
Wait for price to break the resistance of the consolidation period (which has been tested several times so far. A dominant candle on the 5 minute chart will push direction.)
AIM = the resistance of the trend channel.