EURUSD - Daily TF
EURUSD - Daily Timeframe
everything is self explanatory on the chart :)
everything is self explanatory on the chart :)
Note
1. overall trend is to the upside
2. price created double top. price also broken below the neckline but didnt come to retest so far as resistance
3. price broken below the trend line, but it didnt break the trend (one of the biggest mistake most traders fail to understand)
4. we can sell when price come to retest the neckline which is also area where we have back of the broken TL. here i would advise to reduce your risk by 50% as overall trend is to upside
5. its also good opportunity to buy from the area where price might go to retest the last HL. to do so, price must show strong rejection to this area as support.
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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.