Since mid-November 2021, the EURUSD currency pair has been holding in the range of 1.12725 - 1.13570 (average). At the very beginning, the price managed to touch 1.11845, after which there was a rebound to the upper border of the previously indicated range. Selling is a priority, as it is in the direction of the trend. And the level 1.13570, near which the instrument is now being traded, and it is supposed to look for entry points to sell.
SELL scenario: At the moment the price is trading above the level of 1.13570. However, it makes sense to wait and see if the price closes below this level again or not. In case of such an outcome, it will again be in the range 1.12725 - 1.13570 and the price will rush to its lower boundaries.
-----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SELL scenario: At the moment the price is trading above the level of 1.13570. However, it makes sense to wait and see if the price closes below this level again or not. In case of such an outcome, it will again be in the range 1.12725 - 1.13570 and the price will rush to its lower boundaries.
-----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.