The market is currently ranging. The price has tested the resistance a number of times (a strong resistance).
Plan A -
What I will be looking for once London opens is whether the price the hit the resistance and give a breakout (by ensuring candlestick closing upon the resistance) and making my entry setting TP at 134.910. SL will be the below the previous candle of the breakout.
Plan B-
If the price hit the resistance and continues to go bearish past the trend line, I would enter the market after candle confirmation. TP would be at 130.807
Feel free to give your feedback. Thank you.
Plan A -
What I will be looking for once London opens is whether the price the hit the resistance and give a breakout (by ensuring candlestick closing upon the resistance) and making my entry setting TP at 134.910. SL will be the below the previous candle of the breakout.
Plan B-
If the price hit the resistance and continues to go bearish past the trend line, I would enter the market after candle confirmation. TP would be at 130.807
Feel free to give your feedback. Thank you.