1. Tested resistance
2. Tested resistance
3. Confirmation - bullish candles getting smaller
It couldn't get simpler than this; very clear and significant level. Great R:R. This is price action trading 101. Although the trade is very clear, SL will be used incase something unexpected happens. SL is great, it helps us protect our capital!
Entry Price: 123.787
Take profit: 124.000 (20)
Stop loss: 123.590 (20)
The risk to reward ratio is not perfect. So we are risking very little on this trade.
Entry Price: 1.32230
Take profit: 1.32500 (50)
Stop loss: 1.32700 (25)
2. Tested resistance
3. Confirmation - bullish candles getting smaller
It couldn't get simpler than this; very clear and significant level. Great R:R. This is price action trading 101. Although the trade is very clear, SL will be used incase something unexpected happens. SL is great, it helps us protect our capital!
Entry Price: 123.787
Take profit: 124.000 (20)
Stop loss: 123.590 (20)
The risk to reward ratio is not perfect. So we are risking very little on this trade.
Entry Price: 1.32230
Take profit: 1.32500 (50)
Stop loss: 1.32700 (25)