this is the update for my previous post on EURUSD.
The price has reached the key level of resistance and yesterday we saw a nice rejection from 1.109 level.
Currently, the market is trading within the horizontal trading range 1.106 - 1.109. For confirmation, wait and sell only after a bearish breakout of the range. This breakout will also signify a bearish violation of a bearish flag pattern and, most likely, will cause a strong selling movement.
Our target levels will be 1.104 1.1
*if the market goes higher and closes above the range our setup will be invalid
nice clean chart, thanks for sharing. Here's my EURUSD update with trade plan for bulls/bears with SL/TP.
Also I've added a pending LMT order for USDCHF in the comments section. Good luck, traders!
charliefornia
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Vasily! Check out the major historic trend line on the daily chart brother It lines up with right now suggesting a reversal as well