The 0.8505 level has acted as previous resistance and support oftem. I'm Risking 30 pips on this trade for a gain of 80 at 0.84275 where I will close half my position. The rest will be held out for a much larger gain in the long term.
The 181.60 level has clearly acted as support and resistance in the past. this level was broken and now price seems to be retesting it.
Price broke out of the blue channel, came back to retest it and formed a nice pin bar. i think the price should go much lower. The 4hr chart also shows current prices being at a minor resistance level. The price is also at the 200 day moving average which is again acting as resistance. Ideally would like to have the stop at the dotted black line, however looking...
Going long on this. Entry at Blackline with blue arrow. Stop at Red line and T.P at Green line.
Confluence of trendlines and horizontal levels. There is also a strong downtrrend. Entry at the Orange line. Stop at Red line and Take profit at Green line
I entered at the black line, my stop being the red line and target profit being the green line. Risking 1% of my equity on this trade.