Yo Traders, Price has broken through the triangle formation with a big green candle. Looks like the price will be moving up from here. Look for the retest of the resistance level and for price action on lower TF before going long. Please like, support and comment Thanks Madtradex
Based off Price Action, We expected a Bullish action from the market and we reacted accordingly by taking the Trade based off our rule based Strategy for a nice 1:3 RRR.
Here I expect price to try round number @1.2100 and quickly bounce down. Expecting 80pips TP here.
BREAKOUT through the Range , waiting for a pullback then we go long
In chart we can see that 20 DMA has kept on providing support and 20/50 SMA are alligned perfectly for bullish continuation. In shorter time frame look buying opportunities in Dips . selling is not advised till price remains above 50 SMA in daily chart. however price may move lower in small waves towards retesting 20/50 SMA support , but overall trend is...
Just a quick view on how things are going with this trade. Eyeing higher levels before confidering taking profit. Thanks for viewing , this is not financial advice please consider your own Due Diligence and Risk Management.
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