150 pips  


Leo I
Prominent Trader T4T Trader
Joined: 12 months ago
Posts: 170
18/11/2019 2:41 am  

if it moved 150 pips up, can i think about shorting?

Brad Gilbert
Illustrious Trader Admin
Joined: 3 years ago
Posts: 628
05/12/2019 8:27 am  

Hi Leo, if the direction is up I generally don't but you possibly could. If the currency rallies 150 pips it's going up for good reason. So shorting it you're asking for trouble because after that initial move it's recharging for another move higher.....unless the eco data is the opposite way around and then its probably a good selling opportunity.