A GREAT OPPORTUNITY DUE TO MULTIPLE TIME FRAME CONFLUENCE
•1W - Current Market has reached the top of the weekly Trendline. The closed candle that had occurred for this week suggests that a strong rejection has occurred when observing the length of the wick. This long wick above the body suggests a rejection of the linear level which can therefore be followed up by possible bearish movements.
•1D - Current Market has also approached the top of the daily Trendline. (A considerably strong trend line which has been obeyed very nicely for quite a while now), which was then followed up by bearish movements.
In regards to entry, this can either be an instant entry or a further bearish indication can be anticipated on the 4hr Time Frames.
Trade closed: target reached
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Now that target has been reached, I think it's time for the EURUSD to go up!!