EurUsd had break below the rising trendline (black), shown with a strong bearish candle and fall below the monthly SnR: 1.13500 and moving average is as well crossing over at the same time. This given me a good confluence & indication of price turn to the downside & a sign of short selling.
Further details can be gain from lower timeframe of H4 & H1. with price forming a visible pullback and price eventually break and retest to the broken rising trendline. My initial target was around 1.1200 with a 1 : 2.6 risk reward.
Further details can be gain from lower timeframe of H4 & H1. with price forming a visible pullback and price eventually break and retest to the broken rising trendline. My initial target was around 1.1200 with a 1 : 2.6 risk reward.