So much going on with this pair that I am doubting myself.
Please share you thoughts.
So my points:
1. Currently trading in the SD Zone. Still waiting for a clear BCR of this zone to go long. (Purple box)
2. Clear BCR of the Descending support (White Line)
3 Trading in a wedge that might show us some action.
All of this wants me to go long on this pair. BUT.... 8EMA Weekly gap is way below all of these levels.
Meaning we will have to break out of he wedge and the below the descending support to fill the gap.
Do I just sit back and watch this pair....what are your thoughts
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
Please share you thoughts.
So my points:
1. Currently trading in the SD Zone. Still waiting for a clear BCR of this zone to go long. (Purple box)
2. Clear BCR of the Descending support (White Line)
3 Trading in a wedge that might show us some action.
All of this wants me to go long on this pair. BUT.... 8EMA Weekly gap is way below all of these levels.
Meaning we will have to break out of he wedge and the below the descending support to fill the gap.
Do I just sit back and watch this pair....what are your thoughts
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.