Only buy the EurUsd when the price has break above the trendline and close above.
Monthly : price has strong bearish as the price has break two major resistance.
Weekly : A clear support for the monthly argument. Sellers has came twice at support area. However there is buyers are coming back and push to the next level of resistance. now the...
This is weekly timeframe. At area 1.24997 price may start retracement. but the point is not sell at this level. we focus on buying, to follow the trend. We are waiting for the long position at 1.20362 for the support bounce. and continue uptrend.
Price has reached at the Confluence area between SNR (redline) and Trendline (blueline). Now it is ok to map down to the smaller time frame H4/H1 to see how the chart pattern formed in few days before decide for placing entry buy or sell. Iam more on long position because trendline and snr breakout as this line has been tested recently.