Euro LeapinG From Support Long Approach!

Hi friends, Sharing daily Chart of Euro as it is clearly visible that it gives early signs of upwards traction by bouncing from the an identical support area and observed a double bottom pattern too on provided chart, from the bottom Rsi is also indicating that prior it got bounce from the same values of this indicator.

But after this halfway confirmation i want to make sure a break of resistance and a day close above too, i assume in this process rsi will also break strongly a marked resistance although there is a bud broke from it today, Targets for this trade i marked on chart it seems a good R:R trade for me.

So if today it will give a day close above marked resistance i want one more day candle close above resistance as i am not in hurry for this trade because it's a long way to go if it will start moving in wanted direction that's why i want strong confirmations according to my this setup. Can retest it's resistance also as support now.


This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit

Comment:

Price is sustaining good above resistance and intresting thing is that if today's candle will close in green and above yesterday's close then bullish three white soldiers pattern will be formed in this pair, consider this update as a trade active if close above marked resistance as mention in idea description too

Comment:

Yetsterday it not gives a day close above resistance which i want to go for a long side trade sharing chart, might today it will give a day clsoe above resistance for trade activation

Comment:

This the only first time that price came good up above resistance so if price will give a day close above on resistance for long mentioned in idea as i wrote in description too that above day close is needed for long trade then this trade will be active friends

Comment:

Reached very close to resistance target one and took resisatnce from there

Smaller time frame for for a view of how it took resistance from resistance target so far mates

Comment:

Target Update-:
Target one complete fullly and reached very close to target two, All targets are based on resistance so if close above any of target it will be good for price and we an see fresh momentum after mates

Comment:

Target Update-:
Target two also completed mates nice gains, and if close above resistance target two we can see the target three very soon, next update only after upon completion of target three until then stop loss i will trail on entry price for this trade and will sit for the target two also

Trade closed: target reached:

Target Update-:
All targets complete friends after marked resistance breakout, Now from here i am looking more bullish moves can come in it but closing this publication will publish my new Trading idea for it friends. Thanks for your wonderfull support to my idea