I hope that you guys have made a good profit from the tips I had given you in my previous post. The price has moved down ard 110 pips and I have received quite a number of emails from readers telling me about their 50 pips, 75 pips and 100 pips profit and I am very happy about it
If you are still holding on to the trade, it is best that you exit it now and wait for another movement to enter the trade. This is because the price has hit the major support as per what I share with you in my previous post. This is to show you guys that major support and resistance are like magnet. They attract the price to move toward them to test it and indeed this is what has happened.
Now that it has hit the major support, there are 2 possibilities.
1) The price will continue its momentum and break through it
2) The price will move back up to continue moving within the trend channel
Therefore what we can do now is to analyze other time frame to see if they gives us a trading signals to enter.
The purpose of my blog is to share with you trading tips and I really hope that my info can improve your trading.
I have recorded a video below for you
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