This will be 3 parts the third will come later as I’ll explain how to trade this macro trading range how the levels are made with proof and evidence.. the first two will tell you what you need to be doing on this pair . The first will pull from the monthly to expose the markets agenda and WHY you should follow
So Since the 50 is being defended by the big sellers we should also look to defend as well. There isn’t another promising options especially at current levels. So no matter what is thrown we need to think to sell it down.
So let’s take the 50 fib of the monthly candle that made the head and drop to the 4hr
So we see here that the .3 has been defended and the 50 is being tested.
At the low we see a bull moves that lead into a cup like pattern with a current handle with the .6 as it breakout. That’s good for them but the question is is this good enough? To be bullish.. no it’s not and most likely the bears will be ready to smack it down at every high attempt and you should too. You want to win? Then you do what they do. They selling you sell they buy you buy simple as that. No except and ifs or buts about it !!
So until the bears fails you need to think I gotta short this pair. They already shown us their presents! A price fluctuations that wild card.. enough said
Set at the high wait for a high tail or whatever you need to entry. As price is still within a range and will be until the low support is touch here is where we want to be buyers and only here! Stay out the middle of price and short the highs !!
So Since the 50 is being defended by the big sellers we should also look to defend as well. There isn’t another promising options especially at current levels. So no matter what is thrown we need to think to sell it down.
So let’s take the 50 fib of the monthly candle that made the head and drop to the 4hr
So we see here that the .3 has been defended and the 50 is being tested.
At the low we see a bull moves that lead into a cup like pattern with a current handle with the .6 as it breakout. That’s good for them but the question is is this good enough? To be bullish.. no it’s not and most likely the bears will be ready to smack it down at every high attempt and you should too. You want to win? Then you do what they do. They selling you sell they buy you buy simple as that. No except and ifs or buts about it !!
So until the bears fails you need to think I gotta short this pair. They already shown us their presents! A price fluctuations that wild card.. enough said
Set at the high wait for a high tail or whatever you need to entry. As price is still within a range and will be until the low support is touch here is where we want to be buyers and only here! Stay out the middle of price and short the highs !!
