Aggressive S/R lines

SwingPRO Trade Example

AUDUSD | 2012/02/21 | -50 pips

Description: Here is another example of an aggressive resistance that got stopped out. Notice how much closer to the wicks we are on this trade? A resistance with more wick padding might not have been triggered, saving us 50 pips. (ref# 56)

Tuesday, February 21st 2012 @ 6:10 UTC - Trade Setup: We are looking to get long on a resistance break, with targets at 20/25/25/25 for 95 pips.

Wednesday, February 22nd 2012 @ 16:46 UTC - Result: -50 pips Our long got whipped out yesterday as the Greek bailout situation has increased volatility greatly, for minus 50 pips.

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