Risk Reward 2
Strong Res Level and part of the larger DOwn Trend and resistance is being tested now.
1h hr timeframe has breached up into the sellers resistance zone as marked on chart.
WAIT for signs of buyer exhaustion here. It may shoot through with fakers before retracing back downwards with the larger trend.
Once exhaustion is clear, look to sell down to previous levels it held at.
Strong Res Level and part of the larger DOwn Trend and resistance is being tested now.
1h hr timeframe has breached up into the sellers resistance zone as marked on chart.
WAIT for signs of buyer exhaustion here. It may shoot through with fakers before retracing back downwards with the larger trend.
Once exhaustion is clear, look to sell down to previous levels it held at.
Comment:
Trade Successfully developed
Comment:
TP 1 Success
TP 2 1.31300
TP 2 1.31300
Comment:
TP2 Success
1400 point movement
1400 point movement