EURUSD is approaching a double bottom and a 1.272 reversal.
We can treat it as a breakout failure of a range (see box).
We can judge the price action and look for a long.
A realistic target could be the breakout at 1.85 (blue line).
If the price action becomes too bearish then a stronger support is at 1.16+ (purple line).
Let's keep an eye on it....
We can treat it as a breakout failure of a range (see box).
We can judge the price action and look for a long.
A realistic target could be the breakout at 1.85 (blue line).
If the price action becomes too bearish then a stronger support is at 1.16+ (purple line).
Let's keep an eye on it....
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Here it is on a weekly..
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We are fast approaching profit target 1.
The question now is what type of trader are we?
Do we aim for a bigger swing and profit target 2?
The question now is what type of trader are we?
Do we aim for a bigger swing and profit target 2?