TradingBand

Heading to reversal

Short
FX:EURUSD   Euro / U.S. Dollar
As long as there is a downtrend and the trend is facing a minor support, if that breakthrough on support is fake the we will have a reversal to bullish movement but it wont just go long it will retest to the near resistance.
For route to if the breakthrough is real then it will reverse to the main support for bullish movement it have hard to pass that resistance which once was a support.So it have to generate enough power for breakout and when its done it will have to retest for nice bullish movement till the next or nearby resistance.
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.