February 22 2021 EURUSD test back to resistance

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Prices finding support at 50% level of the bull breakout from the Asian session of last Friday and around the open of last week around the bottom of a trend lines in small bull channels and around the middle of the bigger channel. Looking to take profit at the top of the trading range. After a bear breakout (5 consecutive bear bars) prices are forming what seems to be a small ascending triangle. Will look to enter long on the break of the top of the triangle resistance line. Will adjust profit targets depending on the following moves.

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تم فتح الصفقة

20EMA and 50EMA holding prices acting as resistance, if prices manages push up will be the 3rd push up to the 1.21350~ resistance level. If resistance level hold strong then Triple top and will have to exit.

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تم فتح الصفقة

Prices are moving in the opposite direction of the trade. since there were heavy resistance near the entry price scaled in and dropped stop to prior resistance right above 1.2100 level. also have a sell stop to hedge out my losses if prices break down current support. If prices seem to recover and go up will remove sell stop and scale out of trade.

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تم فتح الصفقة

Prices appeared to be reversing up will scale out of scaled in positions. However my original thesis of support being stronger than resistance still stands. Perhaps a swing up will happen the entire London session

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تم إغلاق الصفقة يدويًا

Prices are crashing had to exit with a loss