Daily Analysis Tuesday 26th March
Trend - Bullish, continuation
Daily - Bullish
Previous Daily candle closed above bullish and formed a higher low in the structure
Bias
Daily continues bullish and breaks above previous daily high and resistance to form a new high in the structure
Trade - Buys - Closure above resistance
Analysis
Price action was making higher lows on the M30 time frame.
A new higher low was formed during the Asian session.
Price broke out of the range and above the previous daily high, closing above resistance.
There were two clean range above both resistances 70 pips and 220 pips so the buys looked good
Set up
Closure above resistance
Entry - Break of high (9am)
SL - Previous low 27 pips
TP - Resistance formed 180 pips
Risk Management
Close partials in profit at the first resistance and move SL to BE
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