Support/Resistance line = Blue line
Trend line ( TL ) = Yellow line
Blue + Orange arrows = Support
Purple arrow = Resistance
Looking at this chart it took me seconds to spot these key levels, Support and resistance level has been used strongly in the past and price on Friday came up to test this level as resistance, What makes this setup even stronger is price also came up to retest an old TL as resistance ( remember I spoke about this in my last post ) and bounced exactly where it tested our resistance line.
As you can see price bounced off these 2 strong levels and so far has made a bearish run collecting 20 pips on its way, We are expecting this trade to make at least another 50 pips and reach our target zone ( Green box )
Again this is just another example of how easy forex trading can be once you unlearn all the bull#@it that has been taught to you by idiots who don't know a thing about trading, it is like the blind leading the blind in this market.
Trend line ( TL ) = Yellow line
Blue + Orange arrows = Support
Purple arrow = Resistance
Looking at this chart it took me seconds to spot these key levels, Support and resistance level has been used strongly in the past and price on Friday came up to test this level as resistance, What makes this setup even stronger is price also came up to retest an old TL as resistance ( remember I spoke about this in my last post ) and bounced exactly where it tested our resistance line.
As you can see price bounced off these 2 strong levels and so far has made a bearish run collecting 20 pips on its way, We are expecting this trade to make at least another 50 pips and reach our target zone ( Green box )
Again this is just another example of how easy forex trading can be once you unlearn all the bull#@it that has been taught to you by idiots who don't know a thing about trading, it is like the blind leading the blind in this market.