EURUSD has rejected from weekly support at the price of 1.1130 area. I am expecting an upside for this pair to next weekly resistance area .
Reason : - 3x times weekly candlestick has struggled to go below 1.1130 price leaving long daily candle tail below. - Higher high formed in 4-hourly TF. - Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 1.1170 area ; TP : 1.1300 (+130pips) ; SL previous low.
Risk Reward 1 : 2.5 Always remember to trade with stop-loss, market is crazy & cunning*
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Entered LONG via BUY LIMIT at day low 1.1175 area.
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Almsot +100pips on hand now, move SL to 1.1210 - secure a RISK FREE trade.