Euro / U.S. DollarShort
EURUSD Failed to Break Channel, Continuation
Updated
EURUSD failed to break the trend channel it is currently in - which aligned with a previously broken zone of support which is now turned resistance. Entered on the retest of the broken zone.
Looking to take this trade to the next support zone, and bottom of the channel around 1.1448.
As always:
1. Break of trend
2. Retest the broken zone
3. Continuation
Looking to take this trade to the next support zone, and bottom of the channel around 1.1448.
As always:
1. Break of trend
2. Retest the broken zone
3. Continuation
Trade closed: target reached
Profits secured. NFP drove EURUSD to break and retest this trendline and am now taking a long position EURUSD.
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