EURUSD 1-Hour Live

Live example

Price had a false break up. After the 10 am hour definetly should not have been thinking longing as it did not break resistance and as it was falling should be thinking this retrace is to deep.

Ideal long trade would have been before the break to the upside, enter long anytime around 7 -9 am on this chart and then target the blue box for interim double top.

Since the 10 am bar could not break interim resistance, then a low risk short trade there targeting back down to the bottom.

Trade the support and resistance area from one to the next will lead to more winners than losers.

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