EUR /USD looks to have reached major resistance and could be about to melt to the downside , many confluences are present which makes it a viable trade to take, Nice 100 PIPs there for FREE. Let me know what you guys think. 2 Entry Points here on the red horizontal line, if price breaks this then wait for the given entry Confluences: -Respects Trade line (With 3 touches) -Struggling to break Resistance -Alligator indicator indicates Selling power -Support and resistance respect the Fib Values -Bearish Candlestick Patterns
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Partial Profits taken
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SL Breakeven / Close Trade Aswell and secure profits if you want , take money from the markets 🤧 if you don’t want to take partials and be patient
@son.nguyen98, yes you are right however price has now reached major resistance level on all time frames , where price is failing to break past and in the past has been support or resistance, we are in essence collecting the profits from the bounce off , as shown with the trend lines a falling wedge pattern has emerged and this further signals a bearish swing