Saturday, 10 April 2010
First of all, I need to clarify that I am not a professional forex trader. I am still a beginner but I would like to share what I know about forex.
Above picture shows EUR/USD in H1 time frame. I used one red line to join recent high ( resistance level ) and another one red line to join recent low ( support level ).
If I put a buy stop at 1.3360 ( blue line ), until now, I would have earn 130 pips.