Morning Traders!
Price is above the borekn D1 resistence level, now beeing tested as a support level (arround 151,100).
I expect the price to bounce again from that support level to reach the next resistance level at 152,400.
So today i will look for buys on a M15 TF.
If my analysis is correct, the pair could do a Shoulder Head Shoulder formation on a H4 TF, so we could see a good fall this week on the pair.
Good Trading Traders!
Price is above the borekn D1 resistence level, now beeing tested as a support level (arround 151,100).
I expect the price to bounce again from that support level to reach the next resistance level at 152,400.
So today i will look for buys on a M15 TF.
If my analysis is correct, the pair could do a Shoulder Head Shoulder formation on a H4 TF, so we could see a good fall this week on the pair.
Good Trading Traders!
Comment:
Wait for Break Out
Trade active:
Price breaked M15 resistance.
Trade closed: stop reached:
SL hit at -30 pips. Target was too ambicious, should closed when trade was +50 pips at 151,600.