Double Resistance
Updated
I will introduce about one of the setup I often trade.
The point where mach downward trend line and long term resistance like H1,H4, D1, is going to be very strong resistance.
In terms of the concept that the trend will keep going on, it seems down trend will keep going, which means selling pressure will be stronger.
I placed an order at 88.36 to short. TP point is open for now. LC is where the price break the resistance line above an order like around 88.46.
Le'ts see the further movement !
The point where mach downward trend line and long term resistance like H1,H4, D1, is going to be very strong resistance.
In terms of the concept that the trend will keep going on, it seems down trend will keep going, which means selling pressure will be stronger.
I placed an order at 88.36 to short. TP point is open for now. LC is where the price break the resistance line above an order like around 88.46.
Le'ts see the further movement !
Comment
This was perfect trade. Made 30 pips. That's enough !
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