Simple swing trade idea , Main trend = down.
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Looking for reversal.
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1)LH & LL formed. Price broken LH(1.402xx)
2) Down trend line broken up.
3)Price close above 2 EMA , indication for trend change?
When to trade?
------------
1)Currently price hovering above LH, But it will retrace back and create HH & HL.(refer to arrow)
2) Once price form a HL on either at 1.40325 or lower 1.39194 and bounce back up, Enter Long immediately without strong confirmation if you have the guts. (safety is to long at above HH)
Trade with your own risk,
Happy trading.
Merry Christmas and a happy new year,
Regard,
Insane_Trader
==========
Looking for reversal.
--------------
1)LH & LL formed. Price broken LH(1.402xx)
2) Down trend line broken up.
3)Price close above 2 EMA , indication for trend change?
When to trade?
------------
1)Currently price hovering above LH, But it will retrace back and create HH & HL.(refer to arrow)
2) Once price form a HL on either at 1.40325 or lower 1.39194 and bounce back up, Enter Long immediately without strong confirmation if you have the guts. (safety is to long at above HH)
Trade with your own risk,
Happy trading.
Merry Christmas and a happy new year,
Regard,
Insane_Trader