purposefx

purposefx

Price is at a s/r flip. On the bigger timeframe, price making reversal candlesticks. I switched to the m30 timeframe, I can see price broke an ascending trendline, thereby forming lower highs. If prices bounce of that upper trend line then it may keep going down but if it it breaks through, the set is invalid

purposefx

As we can see, EURUSD broke a major resistance that has been holding it for some months now. So we are in an uptrend, but price is coming down for a retest, then probably it'll shoot back up