This isn't a perfect setup, but i will trty it anyway. The daily candle is now closing above the 1.55547 level which has been acting as major resistance. The pair has previously been rejected a numbered of times and the last week created a small consolidation.
As always, keep it simple!
- Above 200 SMA on the daily and weekly
- Daily candle broke the major resistance.
My TP and SL are approximation.
I will wait until the candle closes before i place the trade.
As always, keep it simple!
- Above 200 SMA on the daily and weekly
- Daily candle broke the major resistance.
My TP and SL are approximation.
I will wait until the candle closes before i place the trade.
Note
Daily candle closed very weak above the major resistance level, I will enter with a very small amount with a SL of 300 pips. Good luck those who agrees with me. Although I see that the majority of the pro's says short.Note
Closing 50% of my positions,
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.