Possible BUY after breakout conformation

British Pound/U.S. DollarFXCM

Description

⋅ Jan 14, 2020 5:38 PM

Clear down trend has been established. We are on our third trend line bounce. If candles confirms a breakout, we entering a buy. IF NOT we are entering a sell to take it bak down to the .29000 area.

Comments

NarendraParmar

⋅ Jan 15, 2020 5:20 PM

One should not enter immediately after Breach of Resistance. One should wait until it retests.

TFowler_22

⋅ Jan 16, 2020 12:16 AM

@NarendraParmar, Correct!