EUR/USD

EUR/USD is testing another spot of resistance.

Important levels are marked and below we will look at how to act upon the levels.

1- We can buy when the price takes pause or makes any indecision candle. and the next candle closes above the previous candle.

2- If the market spikes either up or downside then wait for the retest then we can go ahead where ever it makes a retest we can enter with a small stop loss.

Trend analysis
1W time frame - if the candle closes above resistance then we can track it till 200EMA touches.
1D time frame - it is important to take a pause and the next candle gives close above that then we can go long.
4H - don't sell it if gives any break out in this time zone. the market may get volatile.


CAUTION:-
Don't take immediate action on the downside until it creat any price action and breaks it.

Happy Trading.
just for educational purposes only.