Breakout above Resistance: If the price breaks decisively above a significant resistance level (identified through trend lines, previous highs, or Fibonacci retracement levels), some traders might see this as a signal to enter a long position, anticipating further upward movement. For example, if EURUSD breaks above 1.1220, which has acted as resistance, it could signal buying pressure.
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Trade closed: target reached
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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.