This was a straightforward trade. I entered long as I saw the price action move strongly up to hit resistance as in the chart. I entered long at 3095 and attempted to ride it as high as it would go. You can see that the price action starts to lose momentum at around 1700 hours (UK time) and a final push up which then falls below the previous high which is a sign of weakness. I got out there at 3125 which gave me a total of 30 pips!
Sometimes the simplest trades are best and today was once such day. I had a support line drawn at the lows as you can see in the chart below and as the price hit it for the third time, I went long at 3153. My stop was at 3145 so only 8 points away and I took profit at the previous top. A nice and easy 30 points!
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