Could we see 1863?
Don't get sucked in when people post big money wins! This is the problem with people, they get drawn in too easily! How do you know the person posting these big wins in money value didn't just place 200 lots on the trade and close it after a 10-15 pip move? Small moves like this are no good if you want to create long-term wealth and it is more than likely that the person posting these wins just gambled on the outcome, do you really want someone like this giving you financial advice?
As we can see we have a broken trendline that was looking like it would hold because it was the 3rd touch and was also in a strong support zone, once broke price came back up to test these 2 areas as resistance, so downside movement is looking likely now possibly all the way down to 1863 as this was the point in where out trendline was started and is a good support area.
If you would like some help trading then just send me a message :)
Don't get sucked in when people post big money wins! This is the problem with people, they get drawn in too easily! How do you know the person posting these big wins in money value didn't just place 200 lots on the trade and close it after a 10-15 pip move? Small moves like this are no good if you want to create long-term wealth and it is more than likely that the person posting these wins just gambled on the outcome, do you really want someone like this giving you financial advice?
As we can see we have a broken trendline that was looking like it would hold because it was the 3rd touch and was also in a strong support zone, once broke price came back up to test these 2 areas as resistance, so downside movement is looking likely now possibly all the way down to 1863 as this was the point in where out trendline was started and is a good support area.
If you would like some help trading then just send me a message :)
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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.
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.