If this 4 hour candle closes above the red dotted line then the trade is not valid, however if it closes below the red dotted line sell at the level shown
Price going to drop to previous level, fake a inverse double head then continue to rally downwards.
EURUSD - due to the current pandemic, there I am certain that EUR will continue to drop under the pressure. It is likely that EUR will drop down to the 2017 low in the next 2 days. After that I believe there will be a small rally up for a day to its current position, then drop past the 2017 support. Would be a great opportunity to trade short.
EURUSD- there is a high chance of a raise due to the current conditions Since 2016, EURUSD has only once fallen bellow the current support level EURUSD may have a large increase due the current situations. The USD has taken a hit due to the corona virus and current trading relationship problems. On top of that, the EUR is surprisingly doing well among all the...