No break alerts sent out yesterday means no trades entered. There was a resistance break but SwingPRO intelligently determined that it was no a strong enough break to trade off of (and was right) based off of the distance the previous and subsequent candle were to the resistance.
EUR is consolidating currently in a bullish falling wedge formation. The risk with these formations is always that the downward break will lack follow through and out falling wedge turns into a bullish flag.
Regardless we will look to trade either direction today: short on a support break or long on a resistance break. TP of 80 and SL of 50 for both. We will take a max of two trades, one in each direction, closing and opening if our first trade is still active when the next break occurs.
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Trading Idea: We will look to trade either direction today: short on a support break or long on a resistance break. TP of 80 and SL of 50 for both. We will take a max of two trades, one in each direction, closing and opening if our first trade is still active when the next break occurs.