This Fakey With Pin Trade Setup was traded in the Trade Room yesterday and has come off reasonably. Price however is still expected to head higher into Resistance at about 1.0484. A break should lead us even higher.
My Recommendation: If you aren't long yet on this setup, better to wait for price Action at resistance.
5 comments:
I agree with u Chris, even though am already long but there is a near term resistance at 1.0484 to be broken before we can see 1.0578 materialize
Although I am of the opinion that this fakey will break this near term resistance
We just will watch and see how price reacts to the resistance. Besides, if it does hit that resistance, The trade would have bee out with a nice 1:2 reward.
yeah thats right but am going for 1:3 though
The resistance has shown to be very significant.
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