EURUSD - How Many Double Tops/Bottoms Can You Spot?
On the daily timeframe, we can see that every time EURUSD gave us a double top/bottom, it reversed from there.
We recently bounced off a double bottom indicating bullish strength. If there's enough buying pressure, we can break the descending wedge to go back to atleast the 1.19 level.
Trade idea:
On lower timeframe watch for price to break the descending red trendline
SL: Below the lows
TP 1: 1.168 (120pips)
TP 2: 1.19 (300pips)
TP 3: 1.225 (700pips)
Goodluck and as always, trade safe!
We recently bounced off a double bottom indicating bullish strength. If there's enough buying pressure, we can break the descending wedge to go back to atleast the 1.19 level.
Trade idea:
On lower timeframe watch for price to break the descending red trendline
SL: Below the lows
TP 1: 1.168 (120pips)
TP 2: 1.19 (300pips)
TP 3: 1.225 (700pips)
Goodluck and as always, trade safe!
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