And I'm expecting a pullback from this area.
This trade idea will be based on the phenomenon known as support and resistance trading.
I am watching this trade currently and I will possibly add just 1 small position to scalp the pullback and then wait for the big fall later! The take profit area for me will be open... Because it's buying in a downtrend , but the black trend line is where I would like to take profit!
I'm gonna wait for a little extra confirmation before I enter this trade and I may even just use a 15 pip buy stop order and let it trigger me in.
This trade idea will be based on the phenomenon known as support and resistance trading.
I am watching this trade currently and I will possibly add just 1 small position to scalp the pullback and then wait for the big fall later! The take profit area for me will be open... Because it's buying in a downtrend , but the black trend line is where I would like to take profit!
I'm gonna wait for a little extra confirmation before I enter this trade and I may even just use a 15 pip buy stop order and let it trigger me in.
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