EURUSD ðķ EURO Rejection above 1.22?
āļāļĩāđāļāļąāļāđāļāļ:
EUR/USD recently has failed to keep gains above 1.22.
CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535
LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535
LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
DAILY ASCENDING TRENDLINEāļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
BREAK BELOW TRENDLINE INVALIDATES THE TRADEāļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
ðĪ TRADE MANAGEMENTDAY TRADE:
ðŊ TARGET 1 hit - position size halved
Stops moved to entry for no risk on the next leg.
TREND TRADE:
ð Daily Chart still holding the ascending trend line
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
ðŊ TARGET 2 HITAll Profits Taken
āļāļēāļĢāļāļģāđāļŠāļāļāļāļĩāđāđāļāļĩāđāļĒāļ§āļāđāļāļ
āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
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