Hi guys,
Nice and easy trade this. I've taken this trade based on the D & 4H trend line. Price action has been respecting this trend line since March 2011!! Never broken since. Also we are seeing a nice reversing candle. I have marked my tp and sl for this trade. For long term traders the tp2 is at 0.5 fib area.
Trade safe and good luck.
Let me know your thoughts.
Nice and easy trade this. I've taken this trade based on the D & 4H trend line. Price action has been respecting this trend line since March 2011!! Never broken since. Also we are seeing a nice reversing candle. I have marked my tp and sl for this trade. For long term traders the tp2 is at 0.5 fib area.
Trade safe and good luck.
Let me know your thoughts.
Trade closed: target reached:
Closed the trade with 235 pips!!