Price in channel.(ADX below 20 & pointed downside).
Waiting for price to breakout this channel before continue downside or ADX line pointed upward.
Favour to go SHORT but anything can happen in the market.
Short this pair if -DI(Red line ADX) pointed upward. OR
Long this pair if +DI(Green line ADX) pointed upward.
Waiting for price to breakout this channel before continue downside or ADX line pointed upward.
Favour to go SHORT but anything can happen in the market.
Short this pair if -DI(Red line ADX) pointed upward. OR
Long this pair if +DI(Green line ADX) pointed upward.
Note
FOMC with good USD currency.
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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.