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Cone Stuff with Tendlines..
Ok this is where trendlines get all messy atleast for me!!... i believe many have different views of trading the trendlines but this is what i am interested in with eurousd for tomorrow ...
First dont get the wrong impression what i drew is a wolfwave it is not it is simple cone showing support and resistance
i am looking for one condition for this trade and if it happens i'll take this trade for tomorrow... what i am looking for is that today's low at 1.3119 stays and todays closed should be below the pivot at 1.3152 ..
fine these are 2 reasons but hey you got the idea right??..
There are no indictors on these this is why just trading the tendlines is little hard and at times really rewarding let us see this particular setup ...
my stop would be better to be around 1.3152 and keep in mind i willl only sell at 1.3119 and that is for tomorrow for targets around say 1.3085-50 ..
so once again it is a simple setup and should be treated as such
regards
EACAN
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