Follow the Trend!
Entry at 100 ema
--Must be within 6 pips of lower horizontal resistance
Reasons for entry.
1. 3 emas down trend
2. 100 ema resistance
3. Minor horizontal resistance
4. Drawn trend line resistance
5. Fib level resistance
SL above upper horizontal resistance 6 pips(spread + 3)
TP 2:1
Trade at your own risk.
Entry at 100 ema
--Must be within 6 pips of lower horizontal resistance
Reasons for entry.
1. 3 emas down trend
2. 100 ema resistance
3. Minor horizontal resistance
4. Drawn trend line resistance
5. Fib level resistance
SL above upper horizontal resistance 6 pips(spread + 3)
TP 2:1
Trade at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.