Resistance-turned-Support !
Updated
-UpTrend Is Resuming! Looks like the 147.50 major psychological mark is still too hot for the bears to handle! The pair is having trouble breaking below the level, which isn’t surprising since it also lines up with a 38.2% fibonacci retracement.
-RSI isn’t favoring a side right now, so we should wait till the price to retest a support level before we snipe our trade.
-Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 151.00.
-However, just keep in mind that there’s always a chance that the pair may break to the downside instead. So y’all may wanna plan ahead for such a scenario as well.
-In any case, just make sure to practice proper risk management, a’ight?
-RSI isn’t favoring a side right now, so we should wait till the price to retest a support level before we snipe our trade.
-Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 151.00.
-However, just keep in mind that there’s always a chance that the pair may break to the downside instead. So y’all may wanna plan ahead for such a scenario as well.
-In any case, just make sure to practice proper risk management, a’ight?
Trade active
Trade closed: target reached
FXManticore:And I just discovered that, next time it will be at the moment I trigger an entry point
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