If i were you I wouldn’t trade so called “exotic pairs” but sticking to fundamentals and trends in more well known markets because :
1. Exotics are highly speculative
2. You have higher spreads and maybe higher comissions which hurt you in the long run .
We have a strong impulse on the daily, followed by a not so strong correction. Yesterday we tested the last structure level and it seems as we’re being rejected.
IMO the weekly and monthly support this bullish bias.
If i were you I wouldn’t trade so called “exotic pairs” but sticking to fundamentals and trends in more well known markets because :
1. Exotics are highly speculative
2. You have higher spreads and maybe higher comissions which hurt you in the long run .
Sticking to trends and fundamentals is the way .
We have a strong impulse on the daily, followed by a not so strong correction. Yesterday we tested the last structure level and it seems as we’re being rejected.
IMO the weekly and monthly support this bullish bias.
Let’s see if I get triggered…
I just noticed it’s my cake day! 10 years, yay!
A successful trade would be nice on this day…