prochargedmopar wrote:v8power wrote:Here is a cool pair and setup to watch over the next few months. Im sure everyone sees the big momo 2 bars back and assumes price Is going up. Im looking for it to go down. Im looking for price movement to go down to the aqua line then it will either close under and continue down or it will bounce and retrace up to the purple and even the top aqua line. If it closes over then I will look for longs. But if it closes under then we are targeting the bottom 2 lines. I will update this weekly.
But here is the trade for this past week.
EG pays good on pip movement but takes lots of margin if I remember correctly.
Exactly how I mark my charts. Your thick orange lines mark textbook zlines so I skip those for the most part.