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MrPresident

EURUSD Daily retrace broken trend line

Euro / U.S. Dollar (OANDA:EURUSD)  
MrPresident Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Support and Resistance Trend Lines Multiple Time Frame Analysis
2
0
supportandresistance trendline mtfa
EURUSD
Daily
Long
Price has broken the trend line and dropped to support at 1.04655where it reversed.
Now I believe price will rise to a weekly resistance lever at 1.07700
1% Risk
1:4 Risk Reward.
Comment:
I left two lines labeled target from a previous trade. Pleas disregard. My apologies.
Comment:
Moved SL to just below the current Daily candle. Cut risk in half
Comment:
Stop hit overnight. Will look for opportunity to re-enter long to same target.
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