Good morning traders!
EUR/NDZ just finished forming a bullish pinbar, just a few pips below a strong daily resistance zone where price reversed 3 times in the past. Watch the Breakout zone carefully, there is a good chance we can breakout to the upside soon and this daily resistance would become support. We will wait for a pullback long entry after the breakout, however for those who are more risky, buy the breakout with a Buy Stop but don't risk more then 0.5R to have one bullet left, in case of a false breakout.
High risk, Buy Stop.: 1.75901, SL below recent 1h Pinbar
I will keep this one updated!
Good luck!
EUR/NDZ just finished forming a bullish pinbar, just a few pips below a strong daily resistance zone where price reversed 3 times in the past. Watch the Breakout zone carefully, there is a good chance we can breakout to the upside soon and this daily resistance would become support. We will wait for a pullback long entry after the breakout, however for those who are more risky, buy the breakout with a Buy Stop but don't risk more then 0.5R to have one bullet left, in case of a false breakout.
High risk, Buy Stop.: 1.75901, SL below recent 1h Pinbar
I will keep this one updated!
Good luck!