Hello dear traders,
The EUR/USD currency pair is in an upward channel on the daily timeframe. Given the areas of supply and demand, as well as the liquidity present at the green levels, trading in this area can be logical.
The trigger for entering this trade is the breaking of the downtrend line, which is indicated by the purple color. This means that we are not allowed to enter until this line is definitely broken.
Suitable support levels for going long with the condition of breaking the downtrend line are:
1) 1.090
2) 1.073
You can place your stop loss below the pivot formed.
I hope this has been useful for you.
The EUR/USD currency pair is in an upward channel on the daily timeframe. Given the areas of supply and demand, as well as the liquidity present at the green levels, trading in this area can be logical.
The trigger for entering this trade is the breaking of the downtrend line, which is indicated by the purple color. This means that we are not allowed to enter until this line is definitely broken.
Suitable support levels for going long with the condition of breaking the downtrend line are:
1) 1.090
2) 1.073
You can place your stop loss below the pivot formed.
I hope this has been useful for you.
Trade active:
Dear friends, the euro-dollar currency pair has reached the specified area and we are allowed to enter after seeing the entry trigger.
What do you think?
What do you think?