This Is the other way I was looking at this pair... Price could potentially continue to the upside a couple more pips create a 'fake out' for trend following traders but if we look closer you can see price would have created a strong double top formation and then continue to the downside from there. After looking over this I feel like this is more of a route to look for because coming towards the end of the week last week price was still ascending towards the level marked up and had no intention of stopping until Fridays minimal activity trading day. so we will see how the market opens and re look at this from there.
This way of trading is more predictive, I tend to react to what is happening in the market at that moment rather than trying to predict it, but we all trade differently this is just my insight on the market conditions and is never set stone!
Thanks again,
Trade safe.
This way of trading is more predictive, I tend to react to what is happening in the market at that moment rather than trying to predict it, but we all trade differently this is just my insight on the market conditions and is never set stone!
Thanks again,
Trade safe.