Simple swing trade idea:
1) Big trend is down.
2) 4H chart price in Channel.
3) price rejected on support 1.20846 , now heading to confluence resistance 1.23286. If it break up the resistance + down trend line long.
4) if price rejected on resistance with candle confirmation short it.
Trade with own risk.
Happy trading.
1) Big trend is down.
2) 4H chart price in Channel.
3) price rejected on support 1.20846 , now heading to confluence resistance 1.23286. If it break up the resistance + down trend line long.
4) if price rejected on resistance with candle confirmation short it.
Trade with own risk.
Happy trading.
Comment:
Took short at 1.227
Trade active:
Took short at 1.227
Trade closed manually:
manually exit at 1.22252.
why?
On daily chart price formed bullish candle , weak bear.
why?
On daily chart price formed bullish candle , weak bear.