If you look at the 4 hour chart you can see that we have bounced off of the bottom and are heading up now. One possible Forex trading
strategy would be to not sell until you get a 4 hr candle break below
the upward trendline that I have drawn on this 4 hour chart.
When trading this Forex Strategy using a trend line break like this it is important to set a solid stop loss above the trend line in case the trade continues in the current upward direction.
The current support level for this pair is 1.2138 look for this level to either hold when it gets tested next or break down for bigger
losses. The next level of resistance for this pair is 1.2600 and then
1.3000 those are key levels that we could see a sharp bounce off of
these areas to the downside.
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One other tool free trading tool I recommend is Currensee where you can see what other traders are doing and learn a style from them.