Price has been moving to the upside slowly today with one point where price had a significant drop. Since then price has recovered
to an area that has was previously a strong resistance area
. Price is going to breakout of this area after failing to bounce off the resistance area
and head down to the support level
. Price is bound to breakout of the resistance area
soon and will head to the upside. For this trade i have put on a very tight stop loss with a RR of 10. This is due to price being so volatile at the moment.