not entering if it doesnt go as planned
not entering if it doesnt go as planned.
be patient to enter and look for priceaction to confirm entry
if trend manages to break the resistance line, then i will be shorting this. if not, i will be looking for a long opportunity.
could be a nice chance to catch the ride short, if it doesnt manage to break the current resistance zone, then i will be looking for a possible long
watch out for the news on wednesday and thursday.
analyse shows all. trend will most likely bounce back bearish since the latest news happend to have a very bullish effect on the pair. my best advise would be to split the trade in 2 as shown, and then move it to breakeven after the first profit has been hit.
Trend has recent hit a major resistance and has still not managed to break through it. this is could be a great trade to ride the short breakout with low risk. if the trend actualy manages to break the resistance line/zone, then i will be looking to trade the long breakout to potential looses
Chance to get in on a short before the bulls take over again
Price has recently failed to break through a majer resistance zone, and could therefor be shooting down for a short term sell
EMA 50 and EMA 200 has recently confirmed a downtrend as the golden cross
Trend has recently broken through a majer resistance zone and is currently fighting a resistance line. if trend breaks trough then i will act as analysed if it follows my idea.