Multiple trade opportunities.... wait for confirmation...

2020-01-22 12:27:53

Currently eurusd is sitting at support , in technical picture we can see that price has broken above previous descending trendline , also double bottom formation can be seen at same levels in 4hr chart , however we dont have any good entries yet....

Please check the chart where you can find possible trade setup and trade entries which may be coming soon in EURUSD ,

we can :

1. Long if price breaks above descending trendline and also closes above horizontal resistance with stop loss below current low.
2. We can look for long in case price breaks below and tests descending trendline which is below price .
3. Or we can go for short after break below and retest of s/r levels..

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Longs are favoured..