EUR/USD Breakout of Downtrend Line
EURUSDEUR/USD formed a bullish engulfing pattern in Daily Chart yesterday, meaning the Short-Term Bearish bias have very probably been changed.
Also, it broke an important downtrend line and is possible to test 1.12 area and weekly downtrend line resistance.
We wait for retest of support from the broken downtrend line and go long the pair.
Entry: 1.1150
SL: 1.1105
TP1: 1.1210
TP2: 1.1255
Order cancelled
Price reached TP1 without a retest of downtrend line.The trade plan is cancelled.
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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.