Orange arrows = strong support
Price is coming up to test a very strong support level, now we could se price test this as new resistance or we might see price break this level then retest this level as support again then push price higher into our zone ( green box ) where we expect some resistance, so this is where our TP will go.
This trade is good for 30 pips up to our old support and then possibly 120+ pips if this level is broken.
Price is coming up to test a very strong support level, now we could se price test this as new resistance or we might see price break this level then retest this level as support again then push price higher into our zone ( green box ) where we expect some resistance, so this is where our TP will go.
This trade is good for 30 pips up to our old support and then possibly 120+ pips if this level is broken.