EURUSD
the price tested strong support that caused the significant higher movement of the price as indicated
later it is tested and respected for sometime and it was not strong enough to hold the power of sellers
hence it was broken by significant down move.
the price retested the zone that became support (flip zone) and now the price is in the second retest.
strong down movement of the price is expected in flip zone( support)
now GO SHORT at current price,
stop level above the indicated high
and take profit as provided
the price tested strong support that caused the significant higher movement of the price as indicated
later it is tested and respected for sometime and it was not strong enough to hold the power of sellers
hence it was broken by significant down move.
the price retested the zone that became support (flip zone) and now the price is in the second retest.
strong down movement of the price is expected in flip zone( support)
now GO SHORT at current price,
stop level above the indicated high
and take profit as provided
Note
like, comment, share with friends
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.
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.