You can see marked on the chart with arrows is where price has previously entered my support and resistance zone and bounced therefore making this a very strong area of interest! Already this month price has entered this area and bears have pushed price down 200+ pips, the touch of this zone also happened to come at the 3rd touch of our monthly trendline which if you trade this way is a VERY strong setup.
I do trade the 3rd trendline touch lined up with support and resistance occasionally and usually just on the higher timeframes as these are strong setups.
What i am expecting here is price to continue pushing down to around 1.15000 which is around 200 pips away from current price.
If you need any help trading then just send me a message and i will be happy to help :)
Lots Of Love Laura x
I do trade the 3rd trendline touch lined up with support and resistance occasionally and usually just on the higher timeframes as these are strong setups.
What i am expecting here is price to continue pushing down to around 1.15000 which is around 200 pips away from current price.
If you need any help trading then just send me a message and i will be happy to help :)
Lots Of Love Laura x