Wednesday, November 9, 2022

THE BULL STRENGTH WEAKENED ON THE FIBRE

The eurusd has been experiencing slow movement to the upside. Therefore, forming inside patterns. This is a signal telling us that the downtrend would soon resume. The Fibre has been in a bull trap since last month. Consequently, we should be waiting for a sell signal to be able to scale in to go short on the fibre. Finally, patience is the key to trading successfully on the fibre. A sniper waits patiently to get his target. So we need to wait patiently for a sell signal to be able to join the main downtrend on the fibre.