Hello traders, this is my end-of-trading-week prediction( not advice ofcourse )
Even though there are 2 continuous Sell signal at some important zone, you can go Short now for a RR:1.4 trade but i personally don't like the price action here:
2 sign signals continuously is too much for a downtrend: It feels like buyers are trying to break the down trend:
When buyers are gaining back their influencs in a downtrend: Sideway market. - Good time for sideway traders.
Next week we will have a better view on this pair.
Goodluck next weekdays guys
Even though there are 2 continuous Sell signal at some important zone, you can go Short now for a RR:1.4 trade but i personally don't like the price action here:
2 sign signals continuously is too much for a downtrend: It feels like buyers are trying to break the down trend:
When buyers are gaining back their influencs in a downtrend: Sideway market. - Good time for sideway traders.
Next week we will have a better view on this pair.
Goodluck next weekdays guys
Trade closed: target reached
Note
3/8: Selling is now able to enter
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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.
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.