Regardless of the currency pair, S/R game is played anywhere (sorry for unintended rhyme). What else can be smoother and telling than a trendline on this picture? Just place a stop above the trendline and sleep well. This is my demo (1 live mini-lot) game with the aud/cad pair. I have no idea what kind of fundamentals from both sides are competing, both currencies are commodity-tied but my task is wait for the outcome of this tug-of-war. Good luck.
2 comments:
Hey Tamara,
How is this for extra confirmation. Draw a counter trend line across the bottoms and wait for it to break and test the back. I have sent you a chart showing this.
Jim
Yes, thanks. I saw it.
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