On this trade idea I will be waiting for price to do a pullback; in the intersection of the support level and trend line. And then catch a buy until the next resistance level. if price breaks the support level and hits the stop loss; there is a chance price can continue falling until the next support level. Neither of these scenarios can happen fi price just...
Price go either respect the trend line and bounce off that then start going up until it hits the next resistance level. Or price can break past the trend line and start going down until it hits the next support level.
Price on Gold can go either up or down. Price can go to next resistance zone and reject and then drop until next support zone. Price can also go down to the next support level, bounce off that and then go up until it hits the next resistance level. Price can also go up; but break past the resistance zone; form a new support level; and do a pull back before...
Price can go two ways. It can go up and hit the next resistance zone before dropping. Can go up and hit resist zone, retest and then go up and form a new support level, then continue shooting up. Or price can move down and go to the support level and react to the trend line .
Price on GJ can go two ways. GJ can go up to the next resistance zone and react at that zone, then start dropping. GJ can go up to the next resistance zone, break past resistance and form a new support level and continue shooting up. Or can go down to the next support level and react around that zone.
EurUsd price is going to react two ways to the current resistance. Either it will go up past the current resistance and the resistance will become a new support level; or price will hit current resistance and price will shoot down. Trend is currently in an uptrend.
