Yesterday we analysed this pair in our trading room. Price was at the elite spot from where we are looking for sell entry. Right now we closed the trade and are waiting for another sell opportunity.
Our trading approach is very simple:
1. first we look for a trend
2. how many % of the daily average movement, price already did
3. Is close to elite spot or BP (big player area )
4. In which territory is price ( sellers or buyers )
5. If there are major news
We do not use indicators because they are made for retail traders who are unprofitable in most cases..
Just keep it simple and focus on price action!
Our trading approach is very simple:
1. first we look for a trend
2. how many % of the daily average movement, price already did
3. Is close to elite spot or BP (big player area )
4. In which territory is price ( sellers or buyers )
5. If there are major news
We do not use indicators because they are made for retail traders who are unprofitable in most cases..
Just keep it simple and focus on price action!