EURUSD long
Updated
Judging by the previous demand zone just exited, I expect the price (after breakout) to retest the broken trendline and/or the exited zone before the buy resumes. I'd place 2 buy limits; one at the top of the zone, the other just below the zone with stop losses below the triple bottom.
Trade active
Price retested as we expected and the buy has continued. Some correction is expected in the coming hours/days before the buy continues.
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.