We been following this pair since the beginning unfortunately we missed the best opportunity in the currency to sell the high here n is very bitter over it and waited for a retest n which it never did so we didn’t chance the market even though it preformed unbelievable well and is the most bearish currency pair. Thus it’s a easy 3k pip drop lower but we are more interested in a possible reversal giving us the cheapest price. In which we’ll need to see all these factors play to the tee on the monthly. I
1. Monthly trading in oversold of 33.3 on the rsi
2. Price to trade in the oversold at least between the zone here which is the rsi extreme of the pair
3. A push out the stochastic mom, making a failure high and then a drop back low to its oversold but with a less duration giving a failure swing
4. Where we want to see a double bottom materialize on the rsi and on price
Then we will buy this market with no risk and all rewards
Outside if this any buying will slap you in the face for all the buy posts here trying to buy the strongest bearish market in forex. When there are bears waiting for a pullback.
And what happen at each buy up?
But gl
1. Monthly trading in oversold of 33.3 on the rsi
2. Price to trade in the oversold at least between the zone here which is the rsi extreme of the pair
3. A push out the stochastic mom, making a failure high and then a drop back low to its oversold but with a less duration giving a failure swing
4. Where we want to see a double bottom materialize on the rsi and on price
Then we will buy this market with no risk and all rewards
Outside if this any buying will slap you in the face for all the buy posts here trying to buy the strongest bearish market in forex. When there are bears waiting for a pullback.
And what happen at each buy up?
But gl
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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.