Simple breakout trade.
Break of trendline/ Retest which happens to be the 78.6% retracement level of the start of this down move.
Weekly resistance broke just a little, Ill be looking to short once we break back below 1.3150
Break of trendline/ Retest which happens to be the 78.6% retracement level of the start of this down move.
Weekly resistance broke just a little, Ill be looking to short once we break back below 1.3150
Comment:
I will wait for weekly support to break and retest before going short!
Trade active
Comment:
Im looking for the weekly resistance level to be our major resistance this week! If you are in the trade make sure to put stops in profit !