The reasons why I have a bearish bias on this pair is because of the following:
The market has first crossed the ema's and heading towards my trending ema the 55 ema so I see this trade as a counter trend trade.
The market has as made a large bearish pin bar that I'm going to use to enter the market to minimize losses and maximise profit.
Stoch is under 30's meaning that the market is weakening and dropping.
I'm going to set and forget and let the market do the work.
Happy Hunting
The market has first crossed the ema's and heading towards my trending ema the 55 ema so I see this trade as a counter trend trade.
The market has as made a large bearish pin bar that I'm going to use to enter the market to minimize losses and maximise profit.
Stoch is under 30's meaning that the market is weakening and dropping.
I'm going to set and forget and let the market do the work.
Happy Hunting