Classic support and resistance setup. Now that the news is out of the way the markets can resume as per normal (man I dont like the news!)
Pins to resistance (and 21 ema) >> down trend >> so I am selling at market price 1.67450
I am targeting previous support @ 1.66322 and
placing my stop above the highs (using the 21 ema as a dynamic level for SL) @ 1.68390
Always exercise healthy risk management and dont bet the farm...
Pins to resistance (and 21 ema) >> down trend >> so I am selling at market price 1.67450
I am targeting previous support @ 1.66322 and
placing my stop above the highs (using the 21 ema as a dynamic level for SL) @ 1.68390
Always exercise healthy risk management and dont bet the farm...
Trade closed: target reached:
120 pips banked :)