In both cases, the trend is bullish and we see the pair reaching same price .... but the big difference is "how" the pair reaches it!
1st example - Wait for a pullback, look for a support area, and take long position.
2nd example - Try to take a short position on a resistance or reversal pattern.
When you try to take a position on the market, always study the chart from different points of view and never forget the 3 rules: 1st: Cuts losses! 2nd: Cuts losses! 3rd: Cuts losses!
NOTES: - In either case, you should not risk more than 2%/3% of your asset. - It does not matter if you lose a battle ... the important thing is to win the war!
We hope this information has been helpful! Thank you for your support and trade with care!
You are always spot on, good job. Nothing in the market is absolute and rules are meant to be broken if not understood for what they are. It is critical to look at higher time frames to the one you are trading to get a better idea what is happening. Stepping in front of a car going 10KMH and expecting it to stop is very different than a car going 100KMH which is exactly the same as the chart shows above.
@SignalSwiss, after long time of my research i found guy like you, who knows more preciously how the market behaves. so keep post such a informative stuffs..
TheAnonymousBanker
⋅
@Jomon.arikkat, Thank you for your words ... we are very happy!
tom_mok
⋅
thank you very much
TheAnonymousBanker
⋅
@tom_mok, You're welcome!! ...and thanks for your support!