We've had a slow and steady trend down on this pair since Monday.
Trend is too clean...When something is too clean I start looking for trades in opposite direction. they will likely make a move towards the high they set in Asia coz this is where likely $$$ are at in my opinion.
They could also decide to turn around and come back down and consolidate for the rest of the day and there's the option that i am just completely wrong :) good luck and happy trading
Trend is too clean...When something is too clean I start looking for trades in opposite direction. they will likely make a move towards the high they set in Asia coz this is where likely $$$ are at in my opinion.
They could also decide to turn around and come back down and consolidate for the rest of the day and there's the option that i am just completely wrong :) good luck and happy trading
Comment:
I really do not like what im seeing so far... There are mixed signals from both direction which could mean that nothing is likely to happen...If you look on the daily you can obviously see this pair has been in an uptrend...when you look to the 4h you see a nice star formation with a massive push to induce longs and then turned around....The level of uncertainty is high. I might just step aside for today and observe
Trade closed manually:
Yea im done for today. I dont think this pair will do anything today but trap people up and down.
Comment:
It sure stings to get played like this but there will be more opportunities. I sure hope someone took advantage of this move :)