As we can see break out on major resistance was not successful last time and created bull trap (fake breakout) and it shows that EURUSD is still weak and not able to reach 1.23 or ... once again for now.
Red path: we expect that this path continues and our targets hit
Targets:
a.1.2085
b.1.2025
Green path:
that fake breakout or bull trap show one more thing here too, what??
that EURUSD has the power to break this resistance too and if if the resistance break once again and retest completed then we have different scenario as I shown here
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
Black path: previous analysis that is 🔽
Red path: we expect that this path continues and our targets hit
Targets:
a.1.2085
b.1.2025
Green path:
that fake breakout or bull trap show one more thing here too, what??
that EURUSD has the power to break this resistance too and if if the resistance break once again and retest completed then we have different scenario as I shown here
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
Black path: previous analysis that is 🔽
Trade closed: target reached
first target reachedhope you gain a lot 🤑
+80 pips profit
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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.
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
Related publications
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.