GU

Simple swing trade idea:

1) Big trend is down.
2) 4H chart price in Channel.
3) price rejected on support 1.20846 , now heading to confluence resistance 1.23286. If it break up the resistance + down trend line long.
4) if price rejected on resistance with candle confirmation short it.

Trade with own risk.
Happy trading.

Commento:

Took short at 1.227

Trade attivo:

Took short at 1.227

Trade chiuso manualmente:

manually exit at 1.22252.
why?
On daily chart price formed bullish candle , weak bear.