I am waiting for the price to hit the top trend line to place a sell. I am hoping the price will then drop down to the lower line as it has done before. These trend lines have been tested 3+ times each and I would class them as a pair of strong support and resistance. RSI Is at 54, so neither here nor there however is more to the oversold side of the scale....
I have based my idea off if the price fails to break support, if so I believe the price will rise back towards the resistance. Support has been tested numerous times and has failed to be broke so if not broken I believe that it will bounce back and start to see moment during the open of the London session. I am only a beginner and would really appreciate any...
Looking at the strength and resistance and it has been a bullish candle around the support which has lead it to lead back up into a bullish movement. I am hoping that it follows its history back unto around the area of resistance. 1:3 Risk Reward. Just a beginner. Please give honest feedback! Always looking for tips and tricks! Thanks!
GBPUSD. Buy. SL- 1.22065 TP- 1.22465 TP1- Open
This is one of my first times of analysing a chart. I am placing a sell stop @ 1.70174. SL 1.70258 TP1 1.70090 TP2 OPEN Please give honest feedback and any tips.
This is my first attempt of a London breakout on this pair. I will be setting orders on the prices. Please give honest feedback.