from Yankee Clipper (this post was written by a frequent commenter on Winners Edge Trading)
Up until 10:00pm on the 27th it’s been a sell market and then turned around on the 28th/29th to show a bullish transition. Starting at 17:00 GMT on the 29th, it’s bounced and is hovering between upper and middle BB… SAR is showing a downward inclination and MACD is also leaning toward “SELL”. Bit early at the moment, but once the MACD crosses over, which it should do shortly, then I would look to a good sell position. Looking over the year’s past performance the pair is likely to drop today and carry on into next week.
Latest posts by casey (see all)
- Using a Forex Checklist to Develop a Good Trading Habit - September 25, 2017
- Learn why using a 2:1 Risk to Reward Ratio can increase profits - September 19, 2017
- My Personal Trading Plan Reviewed by Trading Expert Kim Krompass - August 4, 2017
Winner’s Edge Trading, as seen on: