1.72744 Is a really strong resistance on 4H, 1D, 1W and 1M timeframes, but if you look at the current candles on all these timeframes they are suggesting strong bullish movement and a possible break.
1D candle is bearish but with a big lower shadow that respected our TL.
1W candle is a big bullish candle with lots of buying power.
1M candle is a doji candle at the moment which means indecision, but last months candle had a big lower shadow which indicates bulls took over.
Can you see why it is so important to look at all timeframes? as every timeframe tells a different story, do your analysis properly instead of rushing in and you have more chance of beating the market.
We will be setting an order to try catch this possible breakout, so if this breakout happens we catch the move, if it doesn't happen then we have lost nothing... see its all about RISK MANAGEMENT!
1D candle is bearish but with a big lower shadow that respected our TL.
1W candle is a big bullish candle with lots of buying power.
1M candle is a doji candle at the moment which means indecision, but last months candle had a big lower shadow which indicates bulls took over.
Can you see why it is so important to look at all timeframes? as every timeframe tells a different story, do your analysis properly instead of rushing in and you have more chance of beating the market.
We will be setting an order to try catch this possible breakout, so if this breakout happens we catch the move, if it doesn't happen then we have lost nothing... see its all about RISK MANAGEMENT!