EURUSD H4 – Follow-up trade +160Pips

This is a follow-up trade of previous EURUSD analysis. Price with high volume bars has broken lower line of ascending triangle (this is a good sign of genuine break-out). Later we had a weak signal (supply) near this line and price continued to fall.

At the time of entry background was weak
Weak signal (Supply) before trend changed
Dynamic trend turned from green to red
Entry in a low spread bar while the price didn’t move too far.
Exit immediately after strong signal (Demand).

Total: + 160 Pips

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EURUSD H4 – Follow-up trade +160Pips