IM LOOKING AT THIS SETUP AS I BELIEVE MANY XXX/USD PAIRS WILL BE BULLISH.
IM STILL WAITING FOR MY THIRD TOUCH ON THE TRENDLINE.
BUT I BELIEVE WE STILL WILL HAVE SOME LITTLE MOVEMENT DOWNWARD AS THE MARKET MAKERS ARE WILLING TO HIT THOSE STOP-LOSSES.
WE HAVEN'T BEEN ABLE TO BREAK THIS SUPPORT LINE (BLACK LINE) SINCE 2016 AND I BELIEVE WE WONT BREAK IT ALSO.
A GOOD ENTRY POINT WOULD BE THE GREEN LINE BUT AS WE HAVE NEWS COMING FROM USD THE MARKETS WILL BE VOLATILE, AND MAYBE WE COULD TOUCH THE LOWER LINE THAT WOULD BE THE LOWS OF 2016, THATS WHY MY STOP LOSS IS SET A LITTLE LOWER THEN THAT.
USE GOOD RISK MANAGEMENT.
IM STILL WAITING FOR MY THIRD TOUCH ON THE TRENDLINE.
BUT I BELIEVE WE STILL WILL HAVE SOME LITTLE MOVEMENT DOWNWARD AS THE MARKET MAKERS ARE WILLING TO HIT THOSE STOP-LOSSES.
WE HAVEN'T BEEN ABLE TO BREAK THIS SUPPORT LINE (BLACK LINE) SINCE 2016 AND I BELIEVE WE WONT BREAK IT ALSO.
A GOOD ENTRY POINT WOULD BE THE GREEN LINE BUT AS WE HAVE NEWS COMING FROM USD THE MARKETS WILL BE VOLATILE, AND MAYBE WE COULD TOUCH THE LOWER LINE THAT WOULD BE THE LOWS OF 2016, THATS WHY MY STOP LOSS IS SET A LITTLE LOWER THEN THAT.
USE GOOD RISK MANAGEMENT.