We can see price is at clear resistance level. breaking under previous uptrend line. Wise trade requires a clear vision to what price will do and how to approach it. I have made full examination as to why this price will be aiming for my TP levels. Trading is so easy and understandable once you get the hang of drawing charts and fully understanding how it reacts. ...
I have been looking at this pair for quite a while as bearish since we are running down hill on weekly tf I am only looking for bearish price movement and setups until otherwise. I can expect atleast one push down hill before considering to purchase.
I have done a couple chart setup I do not provide on this chart. But I am risking a minimum. To gain a descent profit. We could be testing currently on a fib level to continue down as an Elliot wave theory. So risk is small. And therefore it is wise to sell at a resistance.
I have set multiple bullish target zones we will approach, However we are expecting some Bears to come in, We will need to be at work waiting for this to play out. No Sleeping until 3:45 Am
If price decides to shoot down from here. I will no longer be selling, until further notice, take into consideration we will be risking (7%) of our Initial Balance.
My...
Price has been very bulky for the past weeks gaining momentum. We are expecting a downfall but for now I will consider a quick scalp to the upside.
Risking a minimum, Expecting a High Reward!
Price has been tapping into resistance and we have been in bearish movement for quite a while now.
It is a positive for me since it comes to my trading plan with other strategies not shown on here.
