Things can get tricky in the market and there are times where I need to stop being greedy and start taking profit when I should. In this trade I feel pretty comfortable shorting.
Reasons why:
1.) This resistance has been tested not twice but three times before and each time has shown to cause this currency to fall.
2.) Was on an ascending wedge and is currently testing the new resistance line it had broke through and seems to be getting rejected from it pretty well.
These are the main two reasons why I feel as if this currency should fall for a short period of time but we will see nothing is a guarantee when you are trading and hopefully we can all gain something out of each trade.
~JS
PS:
Thank you so much to all of the people following me, I would of never thought I could achieve something like this! Thank you for your support.
Reasons why:
1.) This resistance has been tested not twice but three times before and each time has shown to cause this currency to fall.
2.) Was on an ascending wedge and is currently testing the new resistance line it had broke through and seems to be getting rejected from it pretty well.
These are the main two reasons why I feel as if this currency should fall for a short period of time but we will see nothing is a guarantee when you are trading and hopefully we can all gain something out of each trade.
~JS
PS:
Thank you so much to all of the people following me, I would of never thought I could achieve something like this! Thank you for your support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.