This is one of the more obvious trades I saw from a distance, have my bounding triangle lines in yellow, assisted with support and resistance lines. Expected the PRICE to be rejected by the supporting line of the triangle, which will bring us an opportunity for a small LONG trade, this is supported by the Lightning Bolt move. This is a very short opportunity as the main idea to is find SHORT opportunities after this small LONG trade as our MA60 indicator is indicating to only look for shorts, so I will continue analysing this pair for future SHORT moves.
If you intend on entering this pair on a LONG, get in-and-out quick will a strong LOT size to catch quick profits, but don't stay in too long
Let me know what you guys think
If you intend on entering this pair on a LONG, get in-and-out quick will a strong LOT size to catch quick profits, but don't stay in too long
Let me know what you guys think
Trade closed: target reached