-Possible shorting opportunity on this pair.
-Price has rejected my daily zone a few times and has also started to create a lower low and lower high.
How I will be entering:
-I will be waiting for a nice bodied bearish candle to form upon which entry will be taken.
-Stoploss shall be placed above previous high.
Whenever you are looking at a technical level, always ask yourself the following:
- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit)
- What are the underlying fundamental/sentiment drivers that...
In this screencast I show a different way of tackling the markets. This is about trend-following which is a pretty difficult methodology - but it is the most powerful and potentially rewarding.
I show how I made a decision to short.
I am not promoting my own methodology. I encourage all new and seasoned traders to explore different methodologies to find what...