EURUSD H4 |
Price has bounced after a brief dip and is approaching channel's upper trendline - my short trade entry point.
200EMA & 100EMA comes in middle of the channel.
EURUSD Daily |
1.30 figure has also been a major resistance/support area (see daily chart). But on previous 3 occasions, price has bounced above 1.30 only to pushed back below 1.30 figure.
I plan to go short on touch of channel's upper trendline which comes aproxx at 1.3035.40.
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