So as expected we had a bounce yesterday as we would have seen profit takers and counter trend traders buying up this pair but now we have a clear beak down as predicted.
We can now look for that pullback into previous support which should provide resistance.
Many of you asking why i wasn't looking to buy instead. The simple answer is 1) I would not have looked for a bullish opportunity in a bearish market. 2) I always want to wait for market to come to me where i know i have a high probability of being right. Not only that, but i gain much more when i am right than when i am wrong.
If you are interested in this type of analysis and REALLY want to take your trading to the next level, why not come into our trading room for a FREE week?
One of our clients wrote to us yesterday - See this link t.co/tOkDcRGYKw
Good luck in the markets this week.
See you in the live room later this morning!
www.tradeempowered.c....uk/london-live-room
twitter.com/J_Graystone
www.youtube.com/chan...u1S_OmR5XtM-AzL-_U1Q
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We can now look for that pullback into previous support which should provide resistance.
Many of you asking why i wasn't looking to buy instead. The simple answer is 1) I would not have looked for a bullish opportunity in a bearish market. 2) I always want to wait for market to come to me where i know i have a high probability of being right. Not only that, but i gain much more when i am right than when i am wrong.
If you are interested in this type of analysis and REALLY want to take your trading to the next level, why not come into our trading room for a FREE week?
One of our clients wrote to us yesterday - See this link t.co/tOkDcRGYKw
Good luck in the markets this week.
See you in the live room later this morning!
www.tradeempowered.c....uk/london-live-room
twitter.com/J_Graystone
www.youtube.com/chan...u1S_OmR5XtM-AzL-_U1Q
www.facebookcom/JGraystoneTE/
www.instagram.com/j_graystone/
www.tradeempowered.co.uk