RSRBTC4H has found support at the Fibonacci 0.382.But, if 'A' proves to be weak and I suspect it may give way, we could be looking at an opportunity to scale in some orders at the 0.5 & 0.618 levels. See how trend line 'A' was once resistance & is now support? Let's watch this zone like a hungry hawk too, there could be a scalp trade in the offering there for the...
Current in a GBPUSD trade after seeing DB and an engulfing candle form on the Daily Chart.
Will be moving my Stop Loss when we hit our first target or 10Pips away from first targets. I have This trade Ratio @ 2:1R/R because I didn't want to open mutiple positions and monitor this trade going up!
Until Next Time, Happy Trading