On
EURUSD
, I have decided to highlight key zones on 1H chart bars.
The price moves between 2 key levels - 1.1388 and 1.1335. In addition, the triangle is formed between those two levels. It the price breaks the triangle and support level at 1.1335, it could be a good indication to go short. However, there was a fake breakout before (see long shadow), so please be extra careful; the confirmation is needed
Moreover, there were a nice channel yesterday; the price broke that channel trendline (dynamic resistance), and then tested back, and that trendline acted as support then. Thus, take into account that trendline, it may act as dynamic resistance again.
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EURUSD
, I have decided to highlight key zones on 1H chart bars. The price moves between 2 key levels - 1.1388 and 1.1335. In addition, the triangle is formed between those two levels. It the price breaks the triangle and support level at 1.1335, it could be a good indication to go short. However, there was a fake breakout before (see long shadow), so please be extra careful; the confirmation is needed
Moreover, there were a nice channel yesterday; the price broke that channel trendline (dynamic resistance), and then tested back, and that trendline acted as support then. Thus, take into account that trendline, it may act as dynamic resistance again.
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Do you Trade Binary Options? Profit up to 85% on a single Trade. We provide the best Binary Options Brokers List, Bonus - Trading Strategies for Free. www.binaryreviewed.com
