1.21 is a key area of interest for me (marked out by my yellow box) The reason for this is price will meet a trendline which will be on its 3rd touch and a key level of resistance at a nice round key number! This for me would be a strong sell to catch a few pips with my trading style. I set 3 positions on all trades with different TPs
, this lets me catch the small moves and the big moves... You are welcome ;p
Will i be buying upto this level? No! I will be waiting to see if price hits this level 1st and will enter a sell about 20 pips below 1.21.
You must have patients in this game... And no i don't mean become a doctor lol.
If you want to learn more about my SIMPLE strategy just send me a message and i will be happy to have a chat.