Simple price action analysis. If the actual resistance zone will hold, than a 3RR SELL trade is in play. IF the price will break the resistance, than this area will become support, and a 4RR BUY trade is in play.
Trade Safe!
Trade Safe!
Trade closed: stop reached:
SL Hit. Next scenario is in play for Buy trade.
Trade active:
Buy trade active. Tp targeting the next resistance level
Comment:
SL hit due to high market volatility caused by news events.