This is a bullish crab setup on the 4H chart, a decent size pattern with a 2:1 risk ratio so it's worth getting in.
This is a strong point of resistance for this pair I believe, but the usd is showing weakness in a few pairs + XAU/USD so I will be trading this one.
WARNING: because my account is relatively small I am using 5% risk on my trades until I get a larger bank roll :)
This is a strong point of resistance for this pair I believe, but the usd is showing weakness in a few pairs + XAU/USD so I will be trading this one.
WARNING: because my account is relatively small I am using 5% risk on my trades until I get a larger bank roll :)
Comment:
This is a support zone not resistance, sorry just waking up :) was up late last night looking at setups.