2016-01-19_19-54-37usdtry

This usdtry daily chart has the purpose to show you that price is at daily resistance.

It is already moving sideways for six days now. The stochs seems to be wanting to come down.

If price moves below the cloud or prints a double top or a bearish 123 pattern then I might be inclined to go short.

If it breaks resistance then there might be strenght to the continuation of the upwards move.

Just remember that the 200 MA is pointing north so you would be counter trend trading.

BEST OF PIPS

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