EURUSD Looking for Leg down if we get a CLOSE

EURUSD Looking for a leg down if we get a close below the wedge and purple support line. Daily close will be the strongest. 4hr will suffice. Keep stops behind resistance levels. The ROI makes the trade with larger timeframe confirmation.

Monthly Chart and Weekly chart are showing this area as a resistance area. Brown dashed line is monthly Resistance.

Kommentera:

Trade entry and risk to reward can change based on closing price action. As of now its dynamic.