Daily:
Price broke above horizontal resistance turned support line at 0.960
Price is on an uptrend channel and is staying above on a well supported 21 MA
Bullish wicks can be found on 4H chart
Position: Long
Entry: 0.9615
Stop Loss: 0.9555
Target: 0.9735
Risk:Reward = 1:2
Price broke above horizontal resistance turned support line at 0.960
Price is on an uptrend channel and is staying above on a well supported 21 MA
Bullish wicks can be found on 4H chart
Position: Long
Entry: 0.9615
Stop Loss: 0.9555
Target: 0.9735
Risk:Reward = 1:2
Trade closed: stop reached:
Although this got stopped out, my previous post yield me a risk:reward ratio of 1:3, no losses incurred with the 2 trades.