Hello traders good to be with you on this Monday of a new trading week. As we do on Monday we are taking a look at the EURUSD on a 60 minute chart. As we can see price has approached a resistance level with a double top. I am looking to sell this pair as my bias is bearish. Ok I have placed a trend line on the chart and it has 5 touches and makes this very valid. I have placed a sell order on my live platform at 1.0590 and look to take this down to the support take profit level at 1.0570. As we look left we can see we have a nice wide open space with very little price action and that is good for our trade plan.
Thank you traders and we will talk soon……William