Just following up something we talked about last week. The pair is looking bullishly frisky, trying to pop to the topside. It’d be nice to see more follow through though, considering the pair is at some resistance.
For comparison, consider trades like we saw in it several months ago - I highlighted some possible entry points in green ovals. Why not look for the obvious trade? A definite resistance break, a definite bounce off support in a great trend, etc.? After all, we can only manage a handful of trades at a time, so let them be the best.
Michael,
I love the posting of a trade idea / heads-up.
Keep ‘em comin’!
-cc