Questions
1- When price is caught between 20WMA and a Fibo, price rocks back & forth, which is the stronger resistance?
2-Example , I have a short on GBP/USA since 2.07+ with 60 TS, and SL above Pounds high. I wanted to ride this all the way down. Right now up 4bout 24 pips, is it wise to keep this trade short as I am thinking, or close out?
Trying to get a feel for the TS.
1- When price is caught between 20WMA and a Fibo, price rocks back & forth, which is the stronger resistance?
2-Example , I have a short on GBP/USA since 2.07+ with 60 TS, and SL above Pounds high. I wanted to ride this all the way down. Right now up 4bout 24 pips, is it wise to keep this trade short as I am thinking, or close out?
Trying to get a feel for the TS.