If the breakout is indeed false, we will go short and take profit at 1.09693.
Also, at that point (1.09693) we will look for bullish reversals to go long and take profit around 1.12141 (as indicated on the chart).
Here is the levels map for EURUSD, taken from CME and Central Banks
1- We have Daily/Weekly Range based on ATR%
2- We have CME option levels till December 13th with Max OI
3- We have margin zones for bullish impulse!
Look at the price action! This levels have 80% probability of given good impulse!
Good luck :)
Alright before I give you guys my trade setup, as well as exits and entries. I really want to point out the fact that a lot of these TOP traders are absolutely horrible, especially the ones that only indulge on the crypto hype! If you look at there profiles and go through their history they almost always get trades wrong! Now I recommend you guys go through my...
Hello Traders, Eurusd breaks the correction , enter breakout buy order and place stop loss as previous high and take profit as next support
Entry : 1.11522
Take Profit : 1.11674
Stop loss : 1.11247
Risk Vs Reward: 1:1.81