Unable to decide at this point. SHORT or LONG
Hi Folks:
Here's my view on this pair. We are currently sitting on a very very crucial area where the price seems to be supported and bounced sligthly up but will it hold?
I have tried few longs without success and then I have zoomed out the chart and studied it deeply and now I have no clue where the price will move.
In that case will use the simplest and easiest thing. Go long at this point with a tight SL (yes, this time a SL and no hedge) and if we break the black support line then switch sides till the next support (red trendline).
In the meantime, as long as the descending channel is respected, we can keep scalping with minor positions.
Share your thoughts.
Cheers
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Here's my view on this pair. We are currently sitting on a very very crucial area where the price seems to be supported and bounced sligthly up but will it hold?
I have tried few longs without success and then I have zoomed out the chart and studied it deeply and now I have no clue where the price will move.
In that case will use the simplest and easiest thing. Go long at this point with a tight SL (yes, this time a SL and no hedge) and if we break the black support line then switch sides till the next support (red trendline).
In the meantime, as long as the descending channel is respected, we can keep scalping with minor positions.
Share your thoughts.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
כתב ויתור
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