MOVES Trading Weekly Outlook: Dow Jones: Short
A trade WITH the DOWN TREND.
The current UP MOVE on this pair has started since 1 day with no signs yet appearing for the next DOWN MOVE, however, I will look for the level between the green and red lines to short this index since USDJPY & USDCHF are moving lower which gives me a clue that the current UP MOVE on this index is not the right direction of the market even it is a strong UP MOVE.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
The current UP MOVE on this pair has started since 1 day with no signs yet appearing for the next DOWN MOVE, however, I will look for the level between the green and red lines to short this index since USDJPY & USDCHF are moving lower which gives me a clue that the current UP MOVE on this index is not the right direction of the market even it is a strong UP MOVE.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.