Price completed the 2nd price drive at 1.23 and we're now beginning the 3rd price drive which I plan to capitalise on.
You will need to pay close attention to price action and formations in the current area for the perfect entry point.
A clear break and close below the trendline would indicate a move lower, therefor invalidating the pattern.
This is a great trading opportunity with almost 1:4 risk to reward.
Thank you all for your continued support, don't forget to add me on social media :)
If you take a look at the daily chart below, we're trading just above the key support level at 1.05190... There is speculation that EUR/USD will break out of this horizontal channel, but I cannot see it happening.
I'm currently running in a small profit, I'll be sure to keep everyone posted on this trade.
Feel free to join my Telegram channel to keep up to date with current and future positions.
I'll update you all as the move progresses.
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