Trade pending

٧ يوليو ٢٠١٦

Bearish downtrend in !H and higher timeframes looks to continue as the bearish flag completes it tiresome journey. However, a rule of thumb to trade by is to "Never Fade the Momentum". So I won't. At the completion of the bear flag I will enter a short position and ride the GU/GJ pair to their new lows. Not at the same time, either, since there is no point in doubling the risk for a pair that move very similar.