EURUSD is currently in a downtrend on H1.
Right now, it has reached the trendline and we could expect a rejection and a possible move to 1,1300.
Long-term sells means that you should probably wait as there is still a chance that price will go back up to around 1,1380.
Then you can wait for reversal candles to confirm your entry.
It looks like we have a clear direction and your entry should be based on the risk and the ratio that you're looking for.
Ask your questions in the comment section. Good luck!
Right now, it has reached the trendline and we could expect a rejection and a possible move to 1,1300.
Long-term sells means that you should probably wait as there is still a chance that price will go back up to around 1,1380.
Then you can wait for reversal candles to confirm your entry.
It looks like we have a clear direction and your entry should be based on the risk and the ratio that you're looking for.
Ask your questions in the comment section. Good luck!
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.