EURUSD rejecting key level to the downside and trendline!!!
Strong bounce off downtrend and still has a strong support from Fibonacci 0.618 on the Daily time frame.
follow for my analysis on the forex market.
(Long) If it breaks above the 200 EMA and Resistance (Short) Break pass downtrend and support
Low risk high reward
Rebounding off 200 EMA, set stoploss 20 pips above 200 EMA.
Bouncing of downtrend multiple times, strong downtrend resistance
Failed to make new LL, low risk high reward.
Bouncing of Trendline, could possibly hit Support Level Stop loss should be 10-20+ pips above where it hit the Trendline Low Risk High Reward.
Bouncing off resistance and daily downtrend. Downtrend May Accelerate After Pair Broke Through Short-Term Uptrend.
Bouncing of Resistance, Channel Trading.
Trend line break, uptrend, new higher high, lower highs. Stop loss should be 10 pips below the lowest price it achieved during the trend that just broke. Manual exit when trend line is broken again.
Bouncing of Trend line and Resistance. 200+ Pips possible.
Broke pass downward trend line, and looking to bounce of resistance on 4hr timeframe.