EURUSD, another breakout ahead
Updated
After offering multiple SELL opportunities over the last year, the EURUSD pair is consolidating once again on the daily timeframe.
Similarly, the RSI Exhaustion at the bottom is consolidating.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
Remember to stay patient and always look for confirmation from the indicators!
Similarly, the RSI Exhaustion at the bottom is consolidating.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
Remember to stay patient and always look for confirmation from the indicators!
Note
After a valid breakdown, the pair has rapidly reached the Take Profit level. TP was set using the same length of the last impulse (orange lines).
Total profit: 2.11x
🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻
📈 MINIMALIST TRADING INDICATORS
💚 1-Week FREE Trial: minimalisttrading.com
❤️ Trading videos (YouTube): bit.ly/MT-Channel
🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺
📈 MINIMALIST TRADING INDICATORS
💚 1-Week FREE Trial: minimalisttrading.com
❤️ Trading videos (YouTube): bit.ly/MT-Channel
🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺
Related publications
Disclaimer
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.