ILSUSD trade ideas
Weekly Outlook: USDILS: Long with careAs expected, this pair has tested the prior low and trying now to move higher. Its action form the new bottom (B) is not aggressive, therefore I will be watching it closely on the green line despite the fat that tomorrow's move could be to the downside.
I am not taking any trades on this pair now.
Weekly Outlook: USDILS: ShortThere are good shorting chances on USDCAD, USDJPY & USDCHF, but since I can only publish 10 ideas a day, I will pick this pair for my followers who regularly ask for it.
Early weakness signs have appeared on this pair and shorting this pair might be a nice idea. I am using two yellow trend lines as some charts do not show the middle spike.
The expected coming down move could be a corrective one up to the blue, red or green lines. We will decide there is this is a reversal to the downside to a correction for another up move.
For me, I have only moved my stops to break even for my prior longs and only watching.
Weekly Outlook: USDILS: Long soonThis pair has moved a lot to the downside and its time to look for reversal or correction.
RSI is extremely oversold and a first sign for reversal/correction has appeared.
Watch the support line for a possible reversal. If you see a good rejection (removing 75-80% of the bearish candle), you may buy this pair.
If you want me to update this pair, give it a like.
USDILS: LONGFurther to my chart of yesterday, the trend point has shifted from the resistance zone to a supportive zone on Feb. 14.
Look for longs only and no shorts anymore.
The best longing area is the red line but you can long after breaking the green line.
Stop loss is 3.60. If you cannot afford it, do not take this trade.