I am waiting for the price to hit the top trend line to place a sell. I am hoping the price will then drop down to the lower line as it has done before.
These trend lines have been tested 3+ times each and I would class them as a pair of strong support and resistance.
RSI Is at 54, so neither here nor there however is more to the oversold side of the scale....
I have based my idea off if the price fails to break support, if so I believe the price will rise back towards the resistance.
Support has been tested numerous times and has failed to be broke so if not broken I believe that it will bounce back and start to see moment during the open of the London session.
I am only a beginner and would really appreciate any...
Looking at the strength and resistance and it has been a bullish candle around the support which has lead it to lead back up into a bullish movement.
I am hoping that it follows its history back unto around the area of resistance.
1:3 Risk Reward.
Just a beginner. Please give honest feedback! Always looking for tips and tricks! Thanks!