eurusd channel breakout
bought from the bottom of the channel and at 1.125, initial TP was 1.13. But price did not show a strong bounce as i had imagined, and got rejected at the 1.127, 1.0 fib extension.
This lead me to believe that there is going to be a breakout happening. Place ur shorts below the previous low of 1 ATR below the channel(1hr chart), ur TP will be the 1.618 fib extension or the previous swing low.
RSI is not yet oversold so still row for downside.
This lead me to believe that there is going to be a breakout happening. Place ur shorts below the previous low of 1 ATR below the channel(1hr chart), ur TP will be the 1.618 fib extension or the previous swing low.
RSI is not yet oversold so still row for downside.
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