Despite the obvious that the Euro continues to fall inside the 4H and daily time frame. The major bearish trendline on the daily and weekly timeframe could be a signal for a counter-trend opportunity as I suspect price action might work its way into this line before a downtrend continuation happens. Meanwhile, structures on the 1H time frame appear to support a bullish momentum as a breakout/retest of the structure during last week's trading session appears to confirm buyers are beginning to have confidence in the Euro going into the new week.
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1st entry adjusted to 1.02570 with stop-loss below key level
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Pending order triggered!
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29pips running in profit; we want to move stop to break even
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Re-entry running in profit with 50pips; we might want to lock in some profit or move the stop to break even.
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65pips running in profit (1 positon); we want to lock in some profit at this point.
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110pips running in profit (1 position); we want to lock in some more profit at this point.
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Over 100pips in profit, we want to be very careful here as price oscillates within a supply zone. The possibility of a bearish move is high if we do not witness a breakout of this zone any time soon
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We now witness a breakout of supply zone and it's 150pips in profit: