Billaaal

EURUSD back testing in long.

Long
OANDA:EURUSD   Euro / U.S. Dollar
EURUSD is in uptrend with a slight bearish near the friday market close. interestingly market is on a back-testing footprints with same breakout on 20th July from July and bullish from Aug 2017. The footprint is shown in line graph and support and resistance that can be tested in next week.

The Highs and Lows are also drawn for foretasted 1.20th series. Correlated Pairs are currently bearish so EU can touch the highest point or middle high from 20es.


PS: It is only an idea and for educational purposes. Market may vary from the idea. Back testing from Aug17 with breakouts is attached below.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.