stephane
Private, 1st Class
- Messages
- 114
The bullish trend the pair has been following is in trouble. Since we reached 1,333 roughly one month ago we have been unable to break that resistance. The two daily candles on Thursday and Friday, even though they are strongly rejecting supports around 1,31 and 1,30, are also showing new lows. Yesterday daily candle is a very weak bullish one : that trend is running out of steam.
I will sell a break down of the daily SMA20 , that looks like a support on the daily chart. I will not buy that thing unless we do have a bullish breakout of 1,333 or a new strong rejection of a support around 1,30. And that in my mind would be a short term trade.
I will sell a break down of the daily SMA20 , that looks like a support on the daily chart. I will not buy that thing unless we do have a bullish breakout of 1,333 or a new strong rejection of a support around 1,30. And that in my mind would be a short term trade.