Price has been moving to the upside slowly today with one point where price had a significant drop. Since then price has recovered to an area that has was previously a strong resistance area. Price is going to breakout of this area after failing to bounce off the resistance area and head down to the support level. Price is bound to breakout of the resistance area soon and will head to the upside. For this trade i have put on a very tight stop loss with a RR of 10. This is due to price being so volatile at the moment.

Good Luck
Support and Resistance

Haftungsausschluss