Knowledge & Profits
OK Here we go again. These trades are all trades that i'm placing as well ok so i'm confident with these set ups !
BIAS: BEARISH
WHY: Prices has failed to push above 1.32500 and close significantly above. We are trend traders and this seems to be the beginning of a new bearish trend.
After 7 days of rejection we are finally seeing a a strong push back into the downside below 1.32500 . The wicks to the upside is our clue that price wont go higher. The probability here seems to be more in the favor that we're in a bearish market and you should be hitting the SELL button now buy.
Remember although my charts have huge take profit levels - Price usually never drops right away - it moves in waves and sometimes it can turn around, consolidated and take weeks to get there. Also remember to check for any upcoming news events for USD because it will effect price in a negative or positive.
OK Here we go again. These trades are all trades that i'm placing as well ok so i'm confident with these set ups !
BIAS: BEARISH
WHY: Prices has failed to push above 1.32500 and close significantly above. We are trend traders and this seems to be the beginning of a new bearish trend.
After 7 days of rejection we are finally seeing a a strong push back into the downside below 1.32500 . The wicks to the upside is our clue that price wont go higher. The probability here seems to be more in the favor that we're in a bearish market and you should be hitting the SELL button now buy.
Remember although my charts have huge take profit levels - Price usually never drops right away - it moves in waves and sometimes it can turn around, consolidated and take weeks to get there. Also remember to check for any upcoming news events for USD because it will effect price in a negative or positive.