EURUSD is in an uptrend but looking at price action we can see price loosing momentum at the high it is at from previous breakout.
Looking back in the past, looking left on the charts we can see this resistance level has played a role in price action being respected by price. Making its self know as our Major resistance point. Price is currently consolidating on lower timeframes this happens when price touches a major level of support or resistance. if price does breakout of resistance place an entry for a buy only if price has broken resistance and get in on the next candle thats after the breakout candle.
- Happy Trading To Everone!
Looking back in the past, looking left on the charts we can see this resistance level has played a role in price action being respected by price. Making its self know as our Major resistance point. Price is currently consolidating on lower timeframes this happens when price touches a major level of support or resistance. if price does breakout of resistance place an entry for a buy only if price has broken resistance and get in on the next candle thats after the breakout candle.
- Happy Trading To Everone!