Trading Support and Resistance

Price touched resistance at 1.2575. One can sell at that level with 10-15 pips stop loss or wait for confirmation. Confirmation would be a candle closing below 1.2480 with a stop loss at 1.2500 or a little more. First target at 1.2362, previous support. If a candle close below the first target let it run until the next target at 1.2250, major support.

Clause de non-responsabilité