Price action / technical analysis based on support and resistance levels.
The Story -Price has created a lateral consolidation pattern, or rectangle, with 2 false breaks in both directions. MOst recent break, in the upside, can was more aggresive and can be considered as the following price direction.
Trade 1, buy scenario
Entry - 0.972
SL - 0.966 under preview structure
TP - 0.991 3RR
If SL hit, the SELL scenario
Entry - 0.966
SL - 0.97
TP - 0.956
Don't Stumble Trading! Trade Safe!
The Story -Price has created a lateral consolidation pattern, or rectangle, with 2 false breaks in both directions. MOst recent break, in the upside, can was more aggresive and can be considered as the following price direction.
Trade 1, buy scenario
Entry - 0.972
SL - 0.966 under preview structure
TP - 0.991 3RR
If SL hit, the SELL scenario
Entry - 0.966
SL - 0.97
TP - 0.956
Don't Stumble Trading! Trade Safe!
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