Well, I new this was a dangerous one, just took a shot with a tight stop. Around 1.4485 to 1.4490 seems to be the top of an ascending channel on the hourly, so if it bounces from that will try again...but if it breaks it convincingly, then it could go a lot higher.
The Consumer Sentiment Index can be a valuable tool for intraday currency trading.
The Index shows the long and short ratio. The percentage number of the ratio is simply the amount of longs or shorts in the overall amount of opened positions transacted. The Consumer Sentiment Index gauges effective speculative interest in currency pairs and currencies, and therefore can be used as a CONTRARIAN INDICATOR. The index is updated every 30 minutes
To use Margin Calculator, select your account currency, select your account leverage, type in the size of the trade, and Click Calculate to see the results
sorry to see this not happen, do you expect to go up further to 1.4485 ?
ReplyDeleteWell, I new this was a dangerous one, just took a shot with a tight stop.
ReplyDeleteAround 1.4485 to 1.4490 seems to be the top of an ascending channel on the hourly, so if it bounces from that will try again...but if it breaks it convincingly, then it could go a lot higher.