In my video from two days ago, covering EurUsd, I said that dips around 1.03 should be bought, for a new test of resistance.
Indeed, after a short-lived spike in that zone, the pair reversed to the upside and tested resistance again.
Although at this moment it seems like the pair is in correction, the structure remains bullish and, as you can see from the posted chart, an ascending triangle seems to be forming.
The ascending trend-line for this triangle lies around 1.0350 and here we should look for buying opportunities.
Considering a stop loss under the recent spike low, such a trade can have more than 1:5 R: R
Indeed, after a short-lived spike in that zone, the pair reversed to the upside and tested resistance again.
Although at this moment it seems like the pair is in correction, the structure remains bullish and, as you can see from the posted chart, an ascending triangle seems to be forming.
The ascending trend-line for this triangle lies around 1.0350 and here we should look for buying opportunities.
Considering a stop loss under the recent spike low, such a trade can have more than 1:5 R: R
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.