TradingView
DeGRAM
Apr 26, 2023 8:48 AM

DeGRAM | EURUSD breakout anticipation of the strong resistance Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD bounced off the major support level at 1.1000.

The market is trading in an ascending channel. Notice how the price tested the resistance two times and third test may end up by breaking the level.

Price action printed a big bullish candle, an indication of strength and a probable breakout.

We expect a breakout pullback and continuation.


-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!
Comments
DeGRAM
Good luck in the markets and have a great one!
mwas_peter
@DeGRAM, thank you, what is the timeframe?
Birok71
Great job
TheSignalyst
you caught it ;) well done!
More