Otherwise as price below that serrated line , my system says short any bounce!!!
question then may be asked where do i short the bounce?
Some resistance levels :1.60...then R1.79
watch red and brown msas..brown still below red...thats another short the bounce signal...unless and until brown converges over red , then consider the long to R1.79 with stop above R1.79
Will i short now at 1.40...No.....need a good bounce to short for the r/r trade!!
Will i go long now? NO...r/r still too low!!
like i say price in no mans land.....
Just my interpretation of the chart from system i use!!!
Edited by Polly, 15 July 2019 - 10:49 AM.