EU was bullish last week and have made double top. Therefore, I am short as of now but as you can see we need to break the trendline to go lower.
Other scenario is the dotted line is support that was never tested, so it might retest the support and continue bullish breaking the resistance, if so, wait for retest the resistance turned to support to go long.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early.
It is your choice to get in retracement trades as I only trade with the trend.
Other scenario is the dotted line is support that was never tested, so it might retest the support and continue bullish breaking the resistance, if so, wait for retest the resistance turned to support to go long.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early.
It is your choice to get in retracement trades as I only trade with the trend.