-pullback to key level possible(thick red line) -great place to enter long buy near the key level -although we can see the move up is not as fast as previously
What is the reason for this up movement? Is that your wish or any analysis?
piotr18050
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@HorstForex, there is a reason . It's a simple breakout strategi that I am using.
It consists of couple factors .
Simple explanation : above this key levels are stop losses of traders that are selling hoping for a bounce and down drop .
Also many buyers will enter the trade Long after breakout . Most importantly institutional traders with huge capitals are highly likely to enter such a breakouts .
+ History likes to repeat each other in trading
+ Positive eur news
+ Price was in range for a long period of time , this accumulation will make the next move above the channel range rapid and strong