By Steve W.
EURUSD Orders, Levels, Break2013-09-042013-10-01https://1gwmg92knzm144jnudkuixvv-wpengine.netdna-ssl.com/wp-content/uploads/2017/03/ParaT50Blk.pngParaCurvehttps://1gwmg92knzm144jnudkuixvv-wpengine.netdna-ssl.com/wp-content/uploads/2013/09/EURUSD-Orders-and-spike-base-price-magnets.png200px200px
Pretty obvious one today. Clean break on this major downward sloping trendline and up to the order clusters we go. Spike base at circa 3250 and stops right around that 3230 area = magnets.
Chart source: https://www.tradingview.com/u/nobrainertrades/
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Since 2008, ParaCurve (formerly No Brainer Trades) has been a provider of a wide range of articles geared towards a common sense approach to trading using fundamental market analysis in conjunction with globally identifiable technical levels. Steve, ParaCurve's founder, is a 13 year trader, having formerly worked as a sell and buy side global macro analyst for several of the largest financial institutions in the world. You can follow us on Twitter or Facebook.