Big S/R Flip on EURUSD!
What a textbook Support / Resistance flip here on the 1.078 levels for EURUSD. An S/R flip is a “support / resistance flip.” That is, when support becomes resistance or resistance becomes support (when support and resistance flip).
I am bearish on EUR USD right now, but would like to bring this idea back to the community of Tradingview. How would you determine a level of take profit after a movement like this, where there is no obvious level of support nearby?
- Trading Guru
I am bearish on EUR USD right now, but would like to bring this idea back to the community of Tradingview. How would you determine a level of take profit after a movement like this, where there is no obvious level of support nearby?
- Trading Guru
Note
So far the patterns are exactly alike, we've seen the price drop below the horizontal zone, and bouncing back up. Now we see resistance for the price to be pushed even higher, leading to a crucial decision moment: EURUSD has to choose now whether to break through the resistance or to continue a downtrend.
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Disclaimer
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.
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Disclaimer
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.