blockfanatic

EURUSD Textbook support-resistance trade

Short
FX:EURUSD   Euro / U.S. Dollar
So, you look at the daily and you see a great SL level that it's obvious to everyone. At the moment (yesterday) the price ation is hitting it and can't break out. You go down to the 1h frame, and you look for a valid entry. You get one (@1.1292 with a flat market in the hourly frame) and you enter.


A few bars (hours later) you close the position, get your 50 pips (1.1242), and move on. Textbook!
Good luck to all of you trading out there.

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