BRAZILIAN REAL IS APPROACHING A SUPPORT LEVEL, GOOD RISK REWARD LONG|
1- Decent long opportunity at both support 1 and support 2
2- The pair moves nicely, unlike, say, JPY pairs
3-Clear SL levels
4- Great Risk/Reward at both supports
LIKE and SUBSCRIBE to say THANK YOU!
SPY IS MOVING IN A CHANNEL, TOOK A DIP TO THE SUPPORT, THE KEY SUPPORT IS STILL UNBROKEN, THEREFORE LONG!
1- The trendline is intact
2- Horizontal support right below(gives extra confidence)
3- Buy the dip strategy seems to work on SPY
4- Make sure you hedge overnight position(IF rolling) with options, as the channel might break with a gap down!
5- Remember...
