Monthly: Creating LH and LL. Downtrend
Weekly: Downtrend. But am concerned with the current swing low. Can this current swing low and the swing low created on 2008.7.13 considered as DOUBLE BOTTOM? If so, it would be risky to consider for a short?
Daily: Price retested and bounce off both the dsri and daily 50. Candle closed as a BEOB. It also closed below the daily 20 and a daily sr line that I have at 1.01745ish.
Question: is that a valid DOUBLE BOTTOM that I had identify in the Weekly chart? Is it consider risky to go short in this circumstances(Double bottom)?
Thanks for the comments and advice
Sean
Weekly: Downtrend. But am concerned with the current swing low. Can this current swing low and the swing low created on 2008.7.13 considered as DOUBLE BOTTOM? If so, it would be risky to consider for a short?
Daily: Price retested and bounce off both the dsri and daily 50. Candle closed as a BEOB. It also closed below the daily 20 and a daily sr line that I have at 1.01745ish.
Question: is that a valid DOUBLE BOTTOM that I had identify in the Weekly chart? Is it consider risky to go short in this circumstances(Double bottom)?
Thanks for the comments and advice
Sean
Discipline is PRIMARY, Method is Secondary.....