Reason behind this buy - Broke the 4hr resistance level (dotted line on the chart) and the 4 hour candle closed above this area of resistance. Which was also rejecting the 50ema + we also had strong data come out of eurozone (ZEW Sentiment)
Note
Position running 90 pips profit
Note
Price stalling around 4 hour resistance - holding and looking for price to break for further upside momentum
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.