Classic support and resistance setup. Now that the news is out of the way the markets can resume as per normal (man I dont like the news!)
Pins to resistance (and 21 ema) >> down trend >> so I am selling at market price 1.67450
I am targeting previous support @ 1.66322 and
placing my stop above the highs (using the 21 ema as a dynamic level for SL) @ 1.68390
Always exercise healthy risk management and dont bet the farm...
Pins to resistance (and 21 ema) >> down trend >> so I am selling at market price 1.67450
I am targeting previous support @ 1.66322 and
placing my stop above the highs (using the 21 ema as a dynamic level for SL) @ 1.68390
Always exercise healthy risk management and dont bet the farm...
Trade closed: target reached
120 pips banked :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.