On
EURUSD
, the market moves sideways on 1H bars., It is getting close to structure high, which is a reversal zone
1. there is a resistance zone at 1.1146. The price respected those level many times and it is more likely that it will do again. The majority of institutional trades are placed at key levels and sell orders should be there.
2.Trendline, which act as a dynamic resistance.
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EURUSD
, the market moves sideways on 1H bars., It is getting close to structure high, which is a reversal zone 1. there is a resistance zone at 1.1146. The price respected those level many times and it is more likely that it will do again. The majority of institutional trades are placed at key levels and sell orders should be there.
2.Trendline, which act as a dynamic resistance.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - www.trading-library.com
Top 10 Forex Brokers List - www.best10forex.com
Comment:
Wait Monday Open to avoid any unpredictable spikes
Comment:
locked the profit, the price at support level and do not expect its breakout atm
