1.watched the market create minor support with no indications of sellers
2. took buys at the close of the candle
3. SL at the bottom of the candle
5. TP at the previous resistance
1.Close one trade at 10 pips and leave a runner.
2.Move SL to 50% and leave runner.
According to the analysis with the help of MACD it is seen that MACD has touched the support levels and there are chances of most likely it would be bonced back and it's going to be an Uptrend.
This is only an idea and my strategy. Please do your own analysic.
This analysis is not recommended and do not take any responsibility for a loss or gain.
Price created a double bottom at the 106.750 level and it has been forming higher lows recently. If the market goes above the 107.400 resistance I will be going long on the retest of that same level. My first targets will be retest of the previous highs on the same timeframe that my entry is. Keep in mind that we have a descending trendline on the Daily chart. Let...
Fellow Traders! I have spotted a potential trading opportunity, GBP/USD (LONG)
Consolidation & Bullish Breakthrough
Resistance at a key support level
Rejection At Fib Level 61.80
Previous Strong Bullish Momentum