As shown above, the price action is continueing the downtrend movement in a long term scenario. It has tested the strong support twice. It may retest the support before retracing. Price needs to retrace before breaking this support.
This is also where many retail traders get rekt'ed because whales like to play this range. Please trade support and resistance only....
This is the easiest strategy to trade
You wait until the price candles tell you what to do
Wait close above ma's - Wait for pullback - Wait for continuation candle
During today's US Session this trade happened
Rules are listed on chart
If you have any questions on this strategy or our many other free strategies PM me and I will be happy to help you.
