I believe this will move up! I do not believe this is a long term buy! On the weekly chart the 5 Sma and 10 Sma has already crossed to the downside giving me a sell signal on this pair on the weekly chart! HOWEVER.... I Do Not Have A Entry To Sell Yet!!!!!!! Price can move up 100 to 200 pips or more before being a sell again!!!!
So My Plan is to wait!!!! If i see price moving up on hour 4 , I may try to scalp this pair for some pips up ... but overall im looking for a Sell Trade!!!!!!
You can see on the chart that price keeps rejecting over and over and over at the current price level... so expect a move up!!!!!
Do not enter buy right now! Just because im saying that this will go up does not mean I am saying "BUY NOW"
You must wait and enter with your system!!!! If you do not have a system , then you have a lot of work to do!!!!
I am at this current moment testing systems in a demo account and I always will!!!!
So My Plan is to wait!!!! If i see price moving up on hour 4 , I may try to scalp this pair for some pips up ... but overall im looking for a Sell Trade!!!!!!
You can see on the chart that price keeps rejecting over and over and over at the current price level... so expect a move up!!!!!
Do not enter buy right now! Just because im saying that this will go up does not mean I am saying "BUY NOW"
You must wait and enter with your system!!!! If you do not have a system , then you have a lot of work to do!!!!
I am at this current moment testing systems in a demo account and I always will!!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.