What a textbook Support / Resistance flip here on the 1.078 levels for EURUSD. An S/R flip is a “support / resistance flip.” That is, when support becomes resistance or resistance becomes support (when support and resistance flip).
I am bearish on EUR USD right now, but would like to bring this idea back to the community of Tradingview. How would you determine a level of take profit after a movement like this, where there is no obvious level of support nearby?
- Trading Guru
I am bearish on EUR USD right now, but would like to bring this idea back to the community of Tradingview. How would you determine a level of take profit after a movement like this, where there is no obvious level of support nearby?
- Trading Guru
Nota
So far the patterns are exactly alike, we've seen the price drop below the horizontal zone, and bouncing back up. Now we see resistance for the price to be pushed even higher, leading to a crucial decision moment: EURUSD has to choose now whether to break through the resistance or to continue a downtrend.
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Free crypto scanner on Telegram (35k members):
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.