As you can see from the chart that this pairing really respects support and resistance lines ( the big players, banks probably love this pairing )
Price is now coming up to a well respected resistance area where we are expecting price to bounce so we can collect a few pips.
We will not be manually entering this trade but placing an order as if the trade breaks and rallies to the upside there is no risk as our order will not be triggered, its all about managing your risks and minimising your losses.... there is your 1st tip to becoming a successful trader ;p
Trade wisely people...... RISK MANAGEMENT!!!!!
Price is now coming up to a well respected resistance area where we are expecting price to bounce so we can collect a few pips.
We will not be manually entering this trade but placing an order as if the trade breaks and rallies to the upside there is no risk as our order will not be triggered, its all about managing your risks and minimising your losses.... there is your 1st tip to becoming a successful trader ;p
Trade wisely people...... RISK MANAGEMENT!!!!!