HELL YES it does, if you say otherwise you are either jealous, have no ambition or are just a lazy f@cker. Afterall would you rather be crying in a Bentley or on a bus?
We can see that price on Friday had the 3rd touch of our trendline and made a run up before ending the day with some bearish movement where price is currently at a good support zone as marked out on the chart.
Personally i am expecting bullish moves from this level and have been in a buy trade since the 3rd trendline touch. Trades like this are ace as you can keep a tight stop loss because you know this is a strong setup and if this level does break then price will drop.
3RD TL touches normally produce the biggest bounces so line this up with your tight SL the risk to reward on trades like this can be amazing.
If you want any help trading then just send me a message.
Anyway i am off to catch the bus and cry ;p
We can see that price on Friday had the 3rd touch of our trendline and made a run up before ending the day with some bearish movement where price is currently at a good support zone as marked out on the chart.
Personally i am expecting bullish moves from this level and have been in a buy trade since the 3rd trendline touch. Trades like this are ace as you can keep a tight stop loss because you know this is a strong setup and if this level does break then price will drop.
3RD TL touches normally produce the biggest bounces so line this up with your tight SL the risk to reward on trades like this can be amazing.
If you want any help trading then just send me a message.
Anyway i am off to catch the bus and cry ;p