Simple methods of S&R trading.
1] Resistance was seen at 1.3410-20 area
2] Price then broke to the upside which turned to be fake breakout
3] Price broke down with increased momentum
4] Retest of this zone will provide resistance in future
1] Resistance was seen at 1.3410-20 area
2] Price then broke to the upside which turned to be fake breakout
3] Price broke down with increased momentum
4] Retest of this zone will provide resistance in future
Comment:
well that went straight to my target... didnt got opportunity to enter this market thou my bias was right.