EURUSD ANLYSIS and potential positons to entre
The EUR and GBP have been in the positive end of the market despite US election and stimulus cheque conversations weren't able to give the dollar strength .
EURUSD just broke of of a significant level and retested the Resistance turned support 1.21200. This signals a great probability trade when can take to the upside.
I was able to entre the market at the support level of 1.20521 after a reversal Candlestick Doji presented its self , giving me a great confluence/reason to entre the market .
1.21200 is a Resistance turned support based on a breakout of a strong level and typically will retested to make a HL before continuing to the up sight. Because of this its a great
set up many professional traders would take the opportunity as its typical market structure.
There is nothing more great than an impulse, correction , impulse correction up trend or downtrend as it makes entry levels more obvious to spot creating a high probability trade
EURUSD just broke of of a significant level and retested the Resistance turned support 1.21200. This signals a great probability trade when can take to the upside.
I was able to entre the market at the support level of 1.20521 after a reversal Candlestick Doji presented its self , giving me a great confluence/reason to entre the market .
1.21200 is a Resistance turned support based on a breakout of a strong level and typically will retested to make a HL before continuing to the up sight. Because of this its a great
set up many professional traders would take the opportunity as its typical market structure.
There is nothing more great than an impulse, correction , impulse correction up trend or downtrend as it makes entry levels more obvious to spot creating a high probability trade
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