the EURUSD had a bearish trend but can revers because :
🔹 legs : it's visible to see that the leg 3 it's weaker than last two legs and have less slope .it's can be sing of trend weakness.
🔹daily time frames' support level : the price close to support level so it's an other reason for reverse trend.
🔹last candle of trend : this candle is a big and strong candle, but after it next candles became weak. it means that it was last power of sellers. it's an other sing of trend weakness.
- when i will open a position ? when 1.09819 level broken.
- when my analysis will be failed ? when Daily time frame support level broken.
- how much it can rise ? it can touch the 1.10399 level. (it's daily TF resistance)
🔴It is a risky position, because of strong bullish trend. so keep your risk low (around 0.5% or 1%). Thanks for your attention.
i will be glad to know your opinions and read your comments so share them with me.