On the previous Chart we spoke about using trendlines to track price.

To the right of this chart you may see the trendline being broken with a bullish engulfing candle.

Therefore when taking the trade I was trading in direction of the 200MA and took a bullish trigger with the confirmation of breaking the bearish trendline.

This information is enough for me to take the trade and place my stop already at plus 2 pips.

Best of PIPS

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