EUR/USD approached resistance at 1.19795 - 1.19950, forming an "inside bar" pattern on Thursday 15.04.2021. I consider three variants of developments:
The main option: you can sell from the current price with targets:
TP-1 - 1.1850;
TP-2 - 1.1720;
TP-3 - 1.1640.
SL short, to place it behind the level near 1.2000.
Alternative 1: buy limit 1.18355 - 1.18466
TP-1 - 1.1980;
TP-2 - 1.2170;
TP-3 - 1.2322.
SL to place around 1.1810 - 1.1820, or behind the previous low around 1.1700 - 1.1695.
Alternative 2: buy stop 1.19950
TP-1 - 1.2170;
TP-2 - 1.2322.
SL - 1.1938.
This is my first idea on this resource . I will be glad if it proves useful! In the future I will try to be more specific in my analyses.
The main option: you can sell from the current price with targets:
TP-1 - 1.1850;
TP-2 - 1.1720;
TP-3 - 1.1640.
SL short, to place it behind the level near 1.2000.
Alternative 1: buy limit 1.18355 - 1.18466
TP-1 - 1.1980;
TP-2 - 1.2170;
TP-3 - 1.2322.
SL to place around 1.1810 - 1.1820, or behind the previous low around 1.1700 - 1.1695.
Alternative 2: buy stop 1.19950
TP-1 - 1.2170;
TP-2 - 1.2322.
SL - 1.1938.
This is my first idea on this resource . I will be glad if it proves useful! In the future I will try to be more specific in my analyses.