Hi GenY Nice Chart, looks like a Short at present perhaps. Keep...

  1. 2,131 Posts.
    lightbulb Created with Sketch. 3
    Hi GenY

    Nice Chart, looks like a Short at present perhaps. Keep them coming.

    For me I wouldn't trade it and here's why. I consider it a 50% chance it will go down and 50% chance it will go up.
    All I see is a pair that's stuck in a Consolidation zone with no clear direction given by the higher time frames.
    All I see is a pair that's running into strong Resistance areas both long and short.

    I would however consider a trade on M5 after London Open it this pair moves fast either way.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.