This pair have now been down trending for nearly 2 months so momentum and profit-taking are moving in.There are 2 supports levels it needs to break to continue its down trend.
Personally, I'm not waiting for the break consolidation to go long as I want to be in the trade early but if it does go aginst me I fairly confident I can still make good profits and cover my any loss as IF its breaks to bearish it will break 2 supports and will head straight for the monthly support.
What do you think?
Personally, I'm not waiting for the break consolidation to go long as I want to be in the trade early but if it does go aginst me I fairly confident I can still make good profits and cover my any loss as IF its breaks to bearish it will break 2 supports and will head straight for the monthly support.
What do you think?