Previously we did post idea with this pair that price will bounce of the support and that is what price did. We made some quick pips with that signal. Now price is back at the same support and looking where to go. This time might be different as indicator shows us that there is more place to drop for gold . It is way too early to enter long, first of all we have to wait for more signs that price has respected this support line. In situations like this we usually wait for indicators to show us that momentum is getting weaker and then we will enter long positions.
What do you think about this idea ? Do you agree or disagree with us ? We would like to answer any of your questions or ideas so don't be shy and drop a comment in section below :)
What do you think about this idea ? Do you agree or disagree with us ? We would like to answer any of your questions or ideas so don't be shy and drop a comment in section below :)
