There is the leg i promised yesterday.
So after a long day of price wars, what's next?
We are still locked down in this bearish flag and bulls tend to get chopped off at the (1.088-1.09) zone on a second day in a row. The Mighty Greenback seems very strong accompanied by very aggresive sellers as well. Chances are high that we expect a breakout from this April range downwards. Before that happens The sidelines are very safe for your portfolios but if you are still out there for blood, trade with the trend,stay away from the bulls and only look for shorts when the bulls each this zone.
Remember Risk Management is King.
Cheers
So after a long day of price wars, what's next?
We are still locked down in this bearish flag and bulls tend to get chopped off at the (1.088-1.09) zone on a second day in a row. The Mighty Greenback seems very strong accompanied by very aggresive sellers as well. Chances are high that we expect a breakout from this April range downwards. Before that happens The sidelines are very safe for your portfolios but if you are still out there for blood, trade with the trend,stay away from the bulls and only look for shorts when the bulls each this zone.
Remember Risk Management is King.
Cheers