Yes, its true, but I am not going to enter untill the news had been released hehe
It will be interesting to see if the price recovers above the red line by the end of the hour
None taken. Thanks for the suggestion. I'm going to be afk for a bit so i might miss a trade if it breaks out, but i think that we need to wait for the new home sales data to come out before we see anything.
I think you should observe the changes in m5, since the price is getting near to the slanting support zone. Observe whether any trend changed in m5. PERSONAL OPINION NO OFFENSE! Let's discuss =D
Right now it is hard to know what to do. I already bagged some pips when the price spiked up to the upper red line and i shorted. Looking at the higher timeframes i don't feel that the price has a lot of appetite to move higher
I will post my graphs here and little arrows from time to time when i am thinking about a trade. Any discussion is welcome.