EURUSD possible temporary uptrend.

23 apr 2020

As followed the chart above, we know that in H4 the chart breaks the down trendline and taking temporary support on it too. We can see that sellers losing their power. It also formed a pinbar on its minor support level in H4, indicating us temporary uptrend movement. The best entry is on its minor support level. The candle should retrace to its support level back before we go long. We have a very good risk to reward ratio on this trade. Please don't use more than 2% of your balance because the long term trend is down.