A retracement is a minor pullback or change in the direction of a financial instrument or Retracement happens when the price reverses near the pivot points of support and resistance levels.
Indeed I am going against the Daily bullish trend. Stop loss obviously placed slightly above the resistance, and take profit slightly before the support.
Thank you
#agofx #gbpusd
Indeed I am going against the Daily bullish trend. Stop loss obviously placed slightly above the resistance, and take profit slightly before the support.
Thank you
#agofx #gbpusd
Comment:
Move SL to BE.
