Hi Traders!
At first the market made a double top pattern.
The resistance was around 1.11800 and the support was at 1.10800.
Then it finished the pattern with the breakout of the (previous) support.
After that the market retested the resistance and retraced again til the resistance at 1.0990.
Now we have two opportunities for the market to continue:
Either the market will bounce back after it touched the resistance, or it'll break this level too until and move until the daily trendline.
We recommend to buy and make partial exists.
Thanks and good luck :)!
At first the market made a double top pattern.
The resistance was around 1.11800 and the support was at 1.10800.
Then it finished the pattern with the breakout of the (previous) support.
After that the market retested the resistance and retraced again til the resistance at 1.0990.
Now we have two opportunities for the market to continue:
Either the market will bounce back after it touched the resistance, or it'll break this level too until and move until the daily trendline.
We recommend to buy and make partial exists.
Thanks and good luck :)!
Trade closed: target reached:
TP1 is reached with around 65 pips profit!
Good luck :)!
Good luck :)!