Today I would like to share how one can follow price and wait for an outbreak or a better entry price in direction of the trend.
The astute trader is aware that the 200 MA is quite important to have on the chart.
It signifies the trend direction and one would do well to trade with it whenever possible.
When trending days are provided like in todays case a bearish trend I would suggest to wait for a bullish pullback and then enter a short trade.
If it helps then you may use a trendline tracking the rallie up and when the trendline is broken one can see the the bearish move is likely to continue.
Like that it is possible to enter at the best price.
Best of PIPS