As we can se the price is testing resistance in 1,54 area.
We have strong confluence up there whitch is 2 times testing resistance and 2 times support,
there is also trending line which was respected since September 2017, we had a break in May now price i retesting this line,
There is also 0,382 fibonaci retracement.
I decide to go in that trade now.
Risk/Reward = 1/2
Entry: 1,535
SL: 1,556
TP: 1,4905
We have strong confluence up there whitch is 2 times testing resistance and 2 times support,
there is also trending line which was respected since September 2017, we had a break in May now price i retesting this line,
There is also 0,382 fibonaci retracement.
I decide to go in that trade now.
Risk/Reward = 1/2
Entry: 1,535
SL: 1,556
TP: 1,4905
Trade closed: stop reached:
We had a important news in Canada, I've misted that.
This will never happend again.
This will never happend again.
Comment:
I decide to go short again, because of pinbar on resistance.