EURUSD- wait for break and re-test!

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Hello traders!

Here are my thoughts on EUR/USD.

On the weekly timeframe, we have been in uptrend since May 2020 as you can see on the chart below. Price was creating HH and HL while also staying above 50MA.

On the daily after a strong push phase to the upside correction has came and price retraced to 1.96000 area, which was previous resistance, now turned support. Price was creating a LL and LH but failed to create a new LL!!!

Since we have been in uptrend, I've been looking for long entries only! This is a great opportunity to enter long position, price is breaking through resistance line, so I will wait for a re-test and enter a long position. Going with the trend.


📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Shifting to bullish again.

🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level

Trade will be taken only if conditions were met.

Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨‍👩‍👧‍👦

Have a wonderful and profitable day! ❤️

- ProfitalzTrading