As a trader, it is our priority to spot the trend and ride with it.
In the chart, the major trend is up
the price now create higher high and is consolidating, i notice some rejection at the support level, and expect price to break the current trend line.
The risk reward ratio is 2
We can take the long bias now with wide stop loss to capture 2rr profit target.
In the chart, the major trend is up
the price now create higher high and is consolidating, i notice some rejection at the support level, and expect price to break the current trend line.
The risk reward ratio is 2
We can take the long bias now with wide stop loss to capture 2rr profit target.