Forex Technical Analysis: Trend potential – Wait for a potential buy upon a break above 1.1840
EURUSD – Up
Today, I’m going to trade based on the 4 hour resistance line 1.1840. While this line is not breached to the upper side with a big green candle, I expect a bounce from it to short Eur with my take profit at 1.1525. If it is breached with a big green candle, then I’ll wait for a retracement to the just broken like to buy Eur with my first take profit at 1.2010, and the next at 1.2150. Should these lines be broken, then expect a surge further upwards with an ideal long term take profit at 1.30
Wait for a potential buy upon a break above 1.1840, or a sell upon a bounce.
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