Earlier last week (Monday and Tuesday) we saw the EURUSD broke out of the bullish flag, only to do a retest of it during the later days of the week. After successfully retesting the upper trend line of the flag, we can now look for buys to the upside and for new higher highs. It's only the start of the week so we need to see bullish momentum and volume for this to happen. Price breaking back into the trend line would invalide this setup. But for now we'll keep adding longs as the bullish volume builds
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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.