After some analysis This pair is looking like an excellent short trade coming this week .
The 'pair' looks like testing the 0.7000 - 0.7050 level with improving momentum to the downside.
It looks to me as if momentum is not confirming price increase and therefore good criteria for entering a short .
I will be looking to enter at a swing high on wed or thu at 0.7000 - 0.7050 level, once a swing high has been achieved.
P.S. Anyone Know where I can get a broker for the Russian Rouble.
Look forward to other posts on this matter.
The 'pair' looks like testing the 0.7000 - 0.7050 level with improving momentum to the downside.
It looks to me as if momentum is not confirming price increase and therefore good criteria for entering a short .
I will be looking to enter at a swing high on wed or thu at 0.7000 - 0.7050 level, once a swing high has been achieved.
P.S. Anyone Know where I can get a broker for the Russian Rouble.
Look forward to other posts on this matter.