Oaken

EUR/USD just in case

FX:EURUSD   Euro Fx/U.S. Dollar
171 0 0
Price can basically go into any direction now, but just in case it suddenly drops to the green circle, there is a very high chance for direct reversal there. RSI will be oversold at the major support lvl             , backed by channel support. Not a bad idea to watch out for potential opportunity.

In case it happens and you enter long there, follow your trade at least until the price pierces the channel resistance line (blue circle), corrects itself and continues up. If it bounces back down before piercing the channel resistance, hedge the hell out.
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