Hello everyone...
On 31 December 2020 we can find head and shoulder form on h1, so that it's going down,
but as you can see the major trend is still uptrend at least until the U.S. election settled,
it is just a pull back because the closest key support price is on 1.21900.
Unless EURUSD breaks above the support zone it will bounce back upward
As price approaches support zone, we will be looking for buy setups.
Trigger: Waiting for a momentum candle going upper the support zone
Always use stop loss to protect your equity and trade at your own risk.
Good luck!
On 31 December 2020 we can find head and shoulder form on h1, so that it's going down,
but as you can see the major trend is still uptrend at least until the U.S. election settled,
it is just a pull back because the closest key support price is on 1.21900.
Unless EURUSD breaks above the support zone it will bounce back upward
As price approaches support zone, we will be looking for buy setups.
Trigger: Waiting for a momentum candle going upper the support zone
Always use stop loss to protect your equity and trade at your own risk.
Good luck!