When we look at the chart we can see that the price is breaking out of the resistance zone. If we get a clear break out of the resistance zone we could consider to go short.
I would go with a small stop loss because it is breaks out of the resistance zone it could move higher so after an SL hit I could consider it so to long if the conditions are good.
Let me know in the comments what you think of the idea and feel free to share your idea also.
If you like the idea, don't forget to give it a like then.
If you have any questions, feel free to PM me.
I would go with a small stop loss because it is breaks out of the resistance zone it could move higher so after an SL hit I could consider it so to long if the conditions are good.
Let me know in the comments what you think of the idea and feel free to share your idea also.
If you like the idea, don't forget to give it a like then.
If you have any questions, feel free to PM me.
Order cancelled:
Looks like the rise in the DXY that we got this was just a fake out out of the support zone so I won't be going short here for now. Might look for a long position.
Comment:
If you did take this trade than you would have made some good profit. Good pips made. I was not in this trade as mentioned before