Following up on a recent EURUSD analysis, the market unfortunately at his time did not provide us with a support entry or retest of yearly lows....however it DID confirm the break of the Descending on the . I will be looking to enter a long position on a retest of this significant level. Please keep in mind that the close of the daily candle in the next day or two are the most vital to the success of this trade.
Wait for price to get back to the desired level to retest the resistance that was broken and should now be acting as support. If this action does not take place, neither does a trade.
Buy Limit 1.0580 or Manual Entry
Stop Loss 1.0520
Take Profit 1: 1.0700
Take Profit 2: 1.0820
Please do your own analysis before entering a trade. If you like what you see feel free to comment, follow or "like"