As you can see price reached a strong support area and I believe it is going up to resistance area.
The question is when to enter the long position ? I think we can wait for possible retest or retests of support area and enter the position with better Risk/Reward ratio. Our target is a few pips below 0.66000 and stop loss should be a few pips below our support area.
Please like and leave me any questions, comments or observations, thank you and have a great week.
The question is when to enter the long position ? I think we can wait for possible retest or retests of support area and enter the position with better Risk/Reward ratio. Our target is a few pips below 0.66000 and stop loss should be a few pips below our support area.
Please like and leave me any questions, comments or observations, thank you and have a great week.
Comment:
price did not retest the support as we predicted so entry point was not proper ,But analysis was True and price reached the target
