As illustrated by my chart, the price has bounced off the upward trendline twice. I expect it to do so a third time because of the decrease in bearish momentum and bullish reversal candles printed near the trendline. This should result in a nice long trade with 1:5 risk as to reward. The target price is 1.84226.
Feel free to share your opinions and leave a like if you like my idea. Happy trading.
Feel free to share your opinions and leave a like if you like my idea. Happy trading.
Trade active:
The trade is going well, about 35 pips floating profit. I'm holding.
Trade closed: target reached:
As I said," the trend is your friend". Trade closed, 170 pips secured. We trade another day. Cheers.