EURUSD: Trade Opportunity at Resistance
The price can't break the resistance zone between 1.21550 and 1.22000 levels. RSI reached the overbought zone and MACD histogram tells us about a possible downward movement toward 1.20000 at least.
If so, we can search for the exact bearish setups using the lower timeframes with stop above 1.21550 resistance and the profit target at 1.20000 support. Risk per trade must be no more than 2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If so, we can search for the exact bearish setups using the lower timeframes with stop above 1.21550 resistance and the profit target at 1.20000 support. Risk per trade must be no more than 2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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