I wonder all the time traders talking about focusing on strong Trend Direction (Trend is your Friend) , but during the trade want to be against it.
If you are day traders, why talking about 1.44/45 that it will take more than month to touch those levels
If you are long time traders so why you are caring about hourly retracing !!!!!!, Any way
Just for Mon. and Tue. Days cause we have NFP News this week
It’s clear that market will open with Gap because of Meeting on Sat. and affect the trend for sure
Pair needs momentum to go toward 1.4967, 1.4926, 1.4910 and finally 1.4875/80 (1.4910 is very important)
To get momentum pair must touch 1.5067>1.5078>1.5095
But for opening Buy Position, you should see valid signals and as you see on chart the volume is decreasing around 1.5040/45 if it wants to break must volume starts to rise, remember it.(The key for breaking the resistance).
If you are day traders, why talking about 1.44/45 that it will take more than month to touch those levels
If you are long time traders so why you are caring about hourly retracing !!!!!!, Any way
Just for Mon. and Tue. Days cause we have NFP News this week
It’s clear that market will open with Gap because of Meeting on Sat. and affect the trend for sure
Pair needs momentum to go toward 1.4967, 1.4926, 1.4910 and finally 1.4875/80 (1.4910 is very important)
To get momentum pair must touch 1.5067>1.5078>1.5095
But for opening Buy Position, you should see valid signals and as you see on chart the volume is decreasing around 1.5040/45 if it wants to break must volume starts to rise, remember it.(The key for breaking the resistance).
Don’t follow someone else’s trading advice blindly