The EUR and GBP have been in the positive end of the market despite US election and stimulus cheque conversations weren't able to give the dollar strength .
EURUSD just broke of of a significant level and retested the Resistance turned support 1.21200. This signals a great probability trade when can take to the upside.
I was able to entre the market at the support level of 1.20521 after a reversal Candlestick Doji presented its self , giving me a great confluence/reason to entre the market .
1.21200 is a Resistance turned support based on a breakout of a strong level and typically will retested to make a HL before continuing to the up sight. Because of this its a great
set up many professional traders would take the opportunity as its typical market structure.
There is nothing more great than an impulse, correction , impulse correction up trend or downtrend as it makes entry levels more obvious to spot creating a high probability trade
EURUSD just broke of of a significant level and retested the Resistance turned support 1.21200. This signals a great probability trade when can take to the upside.
I was able to entre the market at the support level of 1.20521 after a reversal Candlestick Doji presented its self , giving me a great confluence/reason to entre the market .
1.21200 is a Resistance turned support based on a breakout of a strong level and typically will retested to make a HL before continuing to the up sight. Because of this its a great
set up many professional traders would take the opportunity as its typical market structure.
There is nothing more great than an impulse, correction , impulse correction up trend or downtrend as it makes entry levels more obvious to spot creating a high probability trade