WE CAN SEE HERE THAT WE'VE BROKEN FROM THE MOVING S&R CLOSED BELOW A SUPPORT SMALL RISK TO REWARD ON THIS,
Comments
MtxTrader
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This is good, but look at the timestamp 2017-01-19 at 14:00:00, it did the same thing, broke out, went back in, broke out again. This is what you have now, but on 2017-01-19 14:00:000 it would have hit your stop loss.
ReeganCampionWestwood
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@nikitafen46, See what you mean yes, thats why I've only done a small stop loss however going more on the fact of a break out, but not always guaranteed
MtxTrader
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@ReeganCampionWestwood, Okay, just wanted to point that out. GBP expected to be weak, I think, so this could be a profitable trade.
ReeganCampionWestwood
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@nikitafen46, i appreicate your comment ! 2 more eyes always help!