Hello everyone this is my idea for EURO/DOLLAR on 1 hour time frame ..
Black line broken resistance became strong support we saw a nice rejection from black line also green line is acting as strong support meaning no 1 hour candle close below ..
We remain buyers from green line or now to target red line above and zone above ... if price close 1 hour candle above red line thats a good sign for our second target if we saw rejection from red line things can turn bearish ..
Our stop loss is 1 hour candle close below green line ..
for any question feel free to ask :) and good luck
Note : RSI indicator can give us a good hint .. price have a clear breakout above black line which is good support for our idea as long price remain above black line in the RSI indicator
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I want to see the black line break if 1 hour candle close below green line .. then i will decide to close my trade .. we could still bounce from black line ..
We try to be patient ..
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Price closed below green line which is not good for me however i won't close the trade yet I wanna see the black line get breached we could have a bounce ..
good luck people
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Price is having a little bounce from black line things looking better .. I keep my trade open
Trade closed: stop reached
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Sadly we got stopped We will try to monitor for good entry for short or long It was good R:R trade Idea is we always try to find good entries and exist