Friends,
My bias is neither bullish or bearish, generally. I just expect, that the currency will be a long out of this resistance range. Saying this, If the channel is broken, I'd happily short also. I have no qualms about doing this.
Simulated some trading models for this trade, and managed to get 6.24 maximum R.R, which is pretty good for forex, especially if, like myself, Like to use gentle leverage if you're a tight stop trader who can utilise these methods.
Tom
My bias is neither bullish or bearish, generally. I just expect, that the currency will be a long out of this resistance range. Saying this, If the channel is broken, I'd happily short also. I have no qualms about doing this.
Simulated some trading models for this trade, and managed to get 6.24 maximum R.R, which is pretty good for forex, especially if, like myself, Like to use gentle leverage if you're a tight stop trader who can utilise these methods.
Tom
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