Breaking out soon, get ready !!!

٢١ مايو ٢٠٢٠

see chart

٢٦ مايو ٢٠٢٠

ملاحظة

1.058 proves to be a strong support. buying continues.....

٢٩ مايو ٢٠٢٠

ملاحظة

praise the lord. patience pays off

٣ يونيو ٢٠٢٠

ملاحظة

we are taking partial profits.

٣ يونيو ٢٠٢٠

ملاحظة

if you used the rigid 2:1 or 4:1 risk reward ratio, then you are likely to miss out this great bullish move and maximise your profits.

 But, if you draw a trend line starting from 18 May at 1.051 to current price, you would see clearly that the price action remains intact in this bullish trend. Thus, there is no need to exit your positions for which a re-entry would costs you to buy at higher price and hoping it goes higher ,which it does in this case.