Eurusd has been in a uptrend channel since October and the price is now making support on broken resistance and is at the bottom end of the channel. I already see a shift in market structure on smaller time frames and just waiting on an retracement to enter a buy position.
Note
Looking for this on lower time frames. Something similar to a inverted head and shoulders.
Trade active
I’m taking a buy here.
Note
Stopped out during Nfp but re-entered same trade at stoploss level 1.07550 and new stoploss 1.07200
Trade closed: target reached
Up 4:1 on trade. Can close here or manage trade for higher prices if you took trade. Up 3:1 overall after first stop out during nfp.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.