EURUSD Follow The Trend!

26 במרץ 2020

I am using a new approach here. I noticed that many of my support and resistance reversals don't work out on forex recently. On Cryptocurrencies they perform extremely well.

For this trade, I'm using Heikin Ashi candles to help with identifying the trend. Also, I will assume the uptrend will last for at least as long as the first zone of resistance, instead of waiting the resistance zone and betting for a reversal. I charted this a few hours ago, but forgot to place the idea on TradingView. The price has risen already a bit, but I decided to keep the areas how I initially charted so I can get better feedback on the performance of this trade.

I'm curious to hear any feedback from you traders out there. Any tips & tricks on support and resistance reversals vs trading with the trend?

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!


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