This trade becomes "invalid" if the price continues to go to the downside and breaks below the support level (RED LINE). On the the other hand, if the price breaks above the trend line (BLACK LINE) and retrace back to the support level (RED LINE) we can ride the price move to the upside unto the 109.884 dynamic resistance level (BLUE LINE). This level is going to be our Take Profit (TP). Our Stop Loss (SL) will be on the area of 109.016 level.
As for now, we will have to wait for the confirmation to appear and let the market decide where to go. And then we will just ride the wave.
REMEMBER: "The Trend Is Your Friend."
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Like my Facebook Page and follow me on Instagram @BacolodFX.
As for now, we will have to wait for the confirmation to appear and let the market decide where to go. And then we will just ride the wave.
REMEMBER: "The Trend Is Your Friend."
LIKE. COMMENT. SHARE.
Like my Facebook Page and follow me on Instagram @BacolodFX.