137.000 is where i have a sell order set, this is because price should meet good strong resistance and 3rd trendline touch at this level. With trades like this a nice tight stop loss can be placed because if such a strong area is broke then price could explode up, but if this level is respected price will make a lovely run down.
137 is a lovely round number because do you think the big banks and traders sit there all day staring at the charts? NO they will set orders at key levels with round numbers! So when these orders are triggered so much money is poured into the markets that it will make price drop. The sooner you can start thinking like banks and big traders the sooner you will make money in the markets. You need to UNLEARN most of what you know about trading to become successful as half of it is probably rubbish and it will be that holding you back.
If you would like some help trading then send me a message.
137 is a lovely round number because do you think the big banks and traders sit there all day staring at the charts? NO they will set orders at key levels with round numbers! So when these orders are triggered so much money is poured into the markets that it will make price drop. The sooner you can start thinking like banks and big traders the sooner you will make money in the markets. You need to UNLEARN most of what you know about trading to become successful as half of it is probably rubbish and it will be that holding you back.
If you would like some help trading then send me a message.