Hi Traders,
I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind.
On H4 I see, bulls can not push that pair higher. There is a strong resistance line at 1,25000, and as I see price reversed with a double top formation. Direction is confirmed too because the price broke my trendline downwards, and closed under it.
I put my stop loss at 1.25000
My take profit is at 1.15635.
I will post updates about how I manage my stop loss.
Let's be successful together.
Follow me for new ideas, I'll appreciate your follows.
Have a great day ahead,
Benjamin
I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind.
On H4 I see, bulls can not push that pair higher. There is a strong resistance line at 1,25000, and as I see price reversed with a double top formation. Direction is confirmed too because the price broke my trendline downwards, and closed under it.
I put my stop loss at 1.25000
My take profit is at 1.15635.
I will post updates about how I manage my stop loss.
Let's be successful together.
Follow me for new ideas, I'll appreciate your follows.
Have a great day ahead,
Benjamin
Trade closed manually:
I closed this trade, I have to revise my idea, because of fibonacci levels, and seems bulls are really strong. I will make a new post.
Have a nice weekend;
Take care
Have a nice weekend;
Take care