EUR/USD: Breakout time to get some pips! (Patience is key)

FX:EURUSD   Euro / U.S. Dollar
Morning all,

Price has broken below the upwards trends line and seems there is a strong signal for a potential short lining up on this pair.

- As you can see from the annotated chart I will be waiting for price to retrace to the old trend line and bounce back down before I enter a short position

- Patience is key here as you dont want to get caught in a fakeout

- The next key S/R levels moving down are 1.11717 and 1.11348 - my exit area would be around 1.11348 but that is pending it breaks through 1.11717

Let me know what you guys thinks, a really easy simple setup that just takes patience and caution to maximise our profits!

Good luck!


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out