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MarubozuTrader

EUR/USD LONG SETUP

Long
Euro / U.S. Dollar (FX:EURUSD)  
MarubozuTrader Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis EURUSD LONG shortterm eurodollar dxyindex Bullish Patterns
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trendanalysis chartpattern waveanalysis eurusd long shortterm eurodollar dxyindex bullish
EUR/USD has setup to go long for this coming week.

As mentioned in previous article, DXY has rejected key yearly high level 95.00, i see DXY coming short before a long, therefore EUR/USD is primed to go long before is substantial short below the 1.14 level

I will be adopting my usual trading techniques during this trade.

ENTRY: 1.1640

SL : 1.1500

TP: 1.18541

I will update as we go...
Comment:
we have broken out long above 1.17 after yesterdays long call, bring SL to last swing low at 1.1675 (35 PIPS Secured Profit). we will look to bring this further as we head towards our TP

snapshot
Trade closed: target reached:
This retraced and hit our SL for a profit of 35 pips
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