Lingrid | EURUSD took previous WEEKLY High

EURUSD is moving toward the resistance zone following the rejection. The price formed a long-tailed bar on the daily timeframe by grabbing liquidity above the previous week high. Basically, it created a fake breakout of the PWH. DXY also bounced off the support level. I expect the price to move upward, make a fake breakout, and then form a pullback. My target is a support level at 0.08000.


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade closed: target reached:

The price reahced the TP