Hi guys, beginner here with my first analysed trade, please let me know what you think.
I've opened a long position at 1.08060 when it touched my trend line, exiting when it reaches resistance line 1.08950.
In orange i have identified key support and resistance lines, with a dotted line as my pending orders price.
If it breaks resistance at 1.08950, i plan to exit at 1.10190.
If it breaks support at 1.07270, i plan to exit at 1.06350.
I would not advise copying my trades as i am still learning but just wanted to put my opinion out there and see what others think.
I've opened a long position at 1.08060 when it touched my trend line, exiting when it reaches resistance line 1.08950.
In orange i have identified key support and resistance lines, with a dotted line as my pending orders price.
If it breaks resistance at 1.08950, i plan to exit at 1.10190.
If it breaks support at 1.07270, i plan to exit at 1.06350.
I would not advise copying my trades as i am still learning but just wanted to put my opinion out there and see what others think.