As price has finally breaks down Support&Resistance stated on chart above, I'm watching if this idea will be valid or not for this week.
Trading traps might be one of dangerous action to execute, as if its fail to be a bear trap, price might just go down as well and worst case scenario, price breaks lower to 1.14772.
If bear traps was a success, we might see price breaks through resistance. So long(buy) trade can be place.
As safe trade, better to trade with it's trend. have a safe trade. glhf!
Trading traps might be one of dangerous action to execute, as if its fail to be a bear trap, price might just go down as well and worst case scenario, price breaks lower to 1.14772.
If bear traps was a success, we might see price breaks through resistance. So long(buy) trade can be place.
As safe trade, better to trade with it's trend. have a safe trade. glhf!
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Related publications
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.