The idea here is related to long term overlying resistance trendlines.
We can see that EURUSD has recently broken the shorter term Trendline 1 , tested this and now in consolidation above the Trendline 1.
Price may then look to target the overlying Trendline 2 .
Trade on chart , with a high risk reward of 5.
We can see that EURUSD has recently broken the shorter term Trendline 1 , tested this and now in consolidation above the Trendline 1.
Price may then look to target the overlying Trendline 2 .
Trade on chart , with a high risk reward of 5.