I still wait or buy signal on this pair. Price is close to support, trend is bullish so opening long position is a good idea.
Pair decreased below support and on Friday we saw strong bullish correction. Pin Bar candle was a fake sell signal and position ended with Stop Loss. However it looks like resistance is working and if there will be sell signal I will open short position.
Very strong support on this pair is still defending. For now there are no buy signals. In case of clear signal on H4 or D1 chart we can consider long positions.
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Cable closed on the lowest level since April 2015. Trend is clearly bearish, so I won’t consider opening long position. If support will be broken I will wait for bullish correction and I will open short position.
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There is still active sell limit order on 50% retracement of Pin Bar on D1 chart. Price didn’t move away for more than 2.5x SL so I still wait for what will happen.
Buy signal on this pair. There is clear Pin Bar in support area and on 50% retracement I open buy limit order.