CeoCodes

EURUSD ๐Ÿ’ถ EURO Rejection above 1.22?

ืœื•ื ื’
CeoCodes ืžืขื•ื“ื›ืŸ   
OANDA:EURUSD   ื™ื•ืจื• / ื“ื•ืœืจ ืืžืจื™ืงืื™
EUR/USD recently has failed to keep gains above 1.22.

CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.

TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535

LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
ื”ืขืจื”:
DAILY ASCENDING TRENDLINE
ื”ืขืจื”:
BREAK BELOW TRENDLINE INVALIDATES THE TRADE
ื”ืขืจื”:
๐Ÿค“ TRADE MANAGEMENT
DAY TRADE:
๐ŸŽฏ TARGET 1 hit - position size halved
Stops moved to entry for no risk on the next leg.
TREND TRADE:
๐Ÿš€ Daily Chart still holding the ascending trend line
ืขืกืงื” ืกื’ื•ืจื”: ื”ื™ืขื“ ื”ื•ืฉื’:
๐ŸŽฏ TARGET 2 HIT
All Profits Taken

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