An obvious setup during a range bound market. We can see here that price has created a strong range between 1.09858 and 1.07798, and this is clear on my chart. As you can see, price is now at the resistance in this range and we can see a nice reversal pattern.
Now, if price decides to move higher, then we would look for a solid break through of the resistance (1.09858) a retest of this resistance, initially turning to the new support and thenwe would enter for Longs. For now thought, Let's see how this plays out.
EURUSD SELL
Price: 1.09620
SL: 1.10183
TP: 1.07798
Risk to Reward Ratio - 1:3
Now, if price decides to move higher, then we would look for a solid break through of the resistance (1.09858) a retest of this resistance, initially turning to the new support and thenwe would enter for Longs. For now thought, Let's see how this plays out.
EURUSD SELL
Price: 1.09620
SL: 1.10183
TP: 1.07798
Risk to Reward Ratio - 1:3