Good day traders!
If there’s any good advice I want to give you guys now, than STAYING OUT seems to be the best thing to do. Frankly, I can’t see any movement from the pair. It’s just going sideways.
Fundamentally, I don’t see any big movers news in today’s trading. But both tomorrow and Friday offer something more lucrative. So, i might save some energy for today
. Technically, yesterday the price went up till 1.2000 but failed to break the psycho line. It then drop more than 80pips. I change my resistance line to 1.21000 and my trading zone is between 1.2050/80. Any sell rallies is considered between this trading zone.
One good strategy is trying to find any bull opportunities in between the trading zone. It means, try to buy, with the confirmation of candle of course, if the price ever break the 1.20000 line and take some small profit (between 20 – 35 pip). Exit, and get ready to sell rallies. Don’t hope the price will go much, much higher as the medium and long term trend is still bearish.





Forex short term trading is fun but can be rewarding!
Agree! But be careful with those false signals. We can easily get trapped. Happy pipping!