February 11 2021 EURUSD Back to Resistance Trading Range

11 Şub 2021

EURUSD
Below ATR
however
2nd bounce of support level making so Double Top.
Part of a 3rd leg in a Higher Low Triple Top.
If bounce here is unsuccessful then perhaps might bounce back from a lower support area.
Prices have ranged over in this area. in the past so chances of price ranging is more likely.

11 Şub 2021

İşlem aktif

Trade went from below ATR to Above ATR then again to Below ATR. Now perhaps a 2nd Test of resistance being the high of last week. Depending on the pressure shown from the price action must decide to whether exit the trade when hit resistance or to let profits run.

11 Şub 2021

İşlem kapandı: hedefe ulaştı

Trade got near the target showing bullish pressure in bar formation. could've adjusted take profit level for more R profits however since trading range bull breakout could lead to a few legs down before resumption of the bull trend.
Trading Range trade ended up with a good 2.1R