Some trading ideas.
Two ideas following main move and one counter trend when ADR is ALREADY met and activity has lowered.
Some consolidation when a clear trend is under way opens clear opportunities to open trades in direction of main move. Breakouts, especially when providing a new high or low are very welcome in my opinion.
As for the counter trend trade:
1. ADR is met;
2. Timing: trading activity has lowered;
3. Tl break;
4. SL can be placed at reasonable level;
5. Divergence favoring the trade and providing a clear target.
So, as far as I am concerned, there were plenty of trading ideas for this pair just these last few days.
Cheers to all.
Two ideas following main move and one counter trend when ADR is ALREADY met and activity has lowered.
Some consolidation when a clear trend is under way opens clear opportunities to open trades in direction of main move. Breakouts, especially when providing a new high or low are very welcome in my opinion.
As for the counter trend trade:
1. ADR is met;
2. Timing: trading activity has lowered;
3. Tl break;
4. SL can be placed at reasonable level;
5. Divergence favoring the trade and providing a clear target.
So, as far as I am concerned, there were plenty of trading ideas for this pair just these last few days.
Cheers to all.