The trend in the scenario above is clearly bearish. We have also had a recent break of structure at the marked horizontal arrows, which means we can expect price to react from the supply zone that broke the structure.
EUR/USD: euro going to new 3W-highs
2019-11-11 • Updated
Technical levels: support – 1.2380; resistance – 1.2440.
- Buy — 1.2380; SL — 1.2360; TP1 — 1.2440; TP2 — 1.2470;
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen above the Cloud; the Bulls breaking out the SSB’s resistance and returned to positive zone; expected the a highs.
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