Based on the chart, a resistance area is broke and a pull back has completed. Something that is obvious on the chart, is about the bulls pressure at this zone and on the other hand a weakness on sellers is considerable. So based on the this scenario we can conclude that it can be a good (and some how safe) supply area.
Therefore I opened a buy position with a low amount of risk and gaining high rewards which is about 1:5 to me.
Note: As always please take all risk management rules into consideration before opening any position on the market.
Good Luck!
Therefore I opened a buy position with a low amount of risk and gaining high rewards which is about 1:5 to me.
Note: As always please take all risk management rules into consideration before opening any position on the market.
Good Luck!