As you can see price is at a resistance level but has broken through or trendline, if price can break and close above our resistance we could be looking at a push to our zone ( red box )
We will have to wait and see how this trade plays out and update our clients accordingly.
Orders can be placed a few pips above resistance level, this way if we do get a break we catch the move, but if we don't get a break we loose nothing.... RISK MANAGEMENT.
We will have to wait and see how this trade plays out and update our clients accordingly.
Orders can be placed a few pips above resistance level, this way if we do get a break we catch the move, but if we don't get a break we loose nothing.... RISK MANAGEMENT.