ForexTrendline

Downtrend and a trendline rejection

Kort
FX_IDC:EURUSD   Euro / USA-dollar
EURUSD is currently in a downtrend on H1.
Right now, it has reached the trendline and we could expect a rejection and a possible move to 1,1300.

Long-term sells means that you should probably wait as there is still a chance that price will go back up to around 1,1380.
Then you can wait for reversal candles to confirm your entry.

It looks like we have a clear direction and your entry should be based on the risk and the ratio that you're looking for.

Ask your questions in the comment section. Good luck!

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