My twitter has gone crazy. Everyone I know is messaging me SELL EUR/USD @1.40 I am actually bullish, yet the resistance line on the 30 minute chart is clear.
Now if we look the 1 day chart you will see that it will eventually break this barrier and is very risky to keep selling every time it touches resistance…
1st. When it breaks 1.40 it will jump several points, so a BUY @ 1.4005 could be a safe play,
2nd. I keeps swinging between 1.3995 and 13980, is possible to do some scalping on the BULL side.
Latest posts by admin (see all)
- Forex Trading in Summertime, what the charts can tell you. - September 22, 2017
- The Secret of Taking Profit and Why it is Important - September 20, 2017
- Fading the Momentum in Forex Trading - September 14, 2017
Winner’s Edge Trading, as seen on: