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