nshevche
Long

EURUSD - buy opportunity after false break down

FX:EURUSD   Euro / U.S. Dollar
Hi, friends.
Last week we saw a false break down on EURUSD .
So, now we must waiting for a correction to the lower balance level (1.2200-1.2215) to open buy position.
Or you can buy right here. But in this case your risk-reward ratio will get worse, because stop loss must be below the false break down.
After a false breakdown of balance, the price usually goes to the opposite level. That means our target is 1.2500-1.2520.
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