EURUSD: Watching for a long set up

Mar 19

No active trades going. The short set up never materialized due to unfavorable R/R. Looking for more confirmation of a long entry with 3:1 R/R.

Key resistance levels: 1.0834 & 1.0805
The first needs to hold with strong reversal. If the second is approached, trend continuation is invalid.

1W:

Mar 19

Note

IF the trade develops, probably will take a couple days.

Mar 20

Note

Still waiting.

First key resistance is still holding. However, momentum has yet to turn as selling pressure continues. Very likely this won't develop into a viable trade.

Mar 21

Note

This specific trade set up is no longer valid.