Lingrid | EURUSD Retest of the RESISTANCE zone

Feb 16

The price obviously moved higher, breaking through the resistance levels. EURUSD is pulling back to resistance after a massively impulsive leg. I think that if the price fails to break the resistance and the upward trendline, the market can potentially go lower, forming a double top. I expect the price to roll back to the support level from the resistance zone again if price action gives us a sell signal, such as a protruding long-tailed bar, meaning liquidity grab above the zone. Today we have upcoming news that can change the price direction in any way. My goal is the support level at 1.07360


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

Feb 17

Trade closed: target reached

The market perfectly palyed out.