EUR/USD recently has failed to keep gains above 1.22.
CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535
LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535
LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
Comment:
DAILY ASCENDING TRENDLINE
Comment:
BREAK BELOW TRENDLINE INVALIDATES THE TRADE
Comment:
🤓 TRADE MANAGEMENT
DAY TRADE:
🎯 TARGET 1 hit - position size halved
Stops moved to entry for no risk on the next leg.
TREND TRADE:
🚀 Daily Chart still holding the ascending trend line
DAY TRADE:
🎯 TARGET 1 hit - position size halved
Stops moved to entry for no risk on the next leg.
🚀 Daily Chart still holding the ascending trend line
Trade closed: target reached:
🎯 TARGET 2 HIT
All Profits Taken
All Profits Taken
