USDZAR breaking a resistance 🦐The market shifted since the 20th of may to a bearish eviorment.
Now it just retrace back to the 0.382 fib level of the upper move and found a resistance structure.
IF the market will manage to break and restest the resistance area we can look for a short position with a nice risk reward with a target around the 0.5 fib retracement.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Dailychart
EURUSD - RESISTANCE REACHED ON DAILY CHART - SHORT OPPORTUNITYHey Guys,
Today I'm back with a new idea!
I found a medium/strong support and resistance channel. With those channels I saw a selling opportunity.
How to do:
Sell when:
Price: 1.10708
S/L: 1.11164
T/P: 1.08882
Risk Reward Ratio: 4.00
Goodluck with trading!
I'm only 15 y/o so if you have any advice about something, just let me know!