FullTimeTrader
Long

EURUSD-still want to trade the triangle

FX:EURUSD   Euro Fx/U.S. Dollar
1397 10 28
According to my previous EW idea:

EURUSD-EW long term analysis


Although i was spiked out by a few pips i can not ignore this tecnichal setup and will trade the triangle:

- Price rejected from strong level of S/R and psycho level 1.1000
- hammer candlestick
- engulfing bullish candle
- price is consolidating between a triangle

Best regards
snapshot

What do think of dxy?
today I'm buying EU
After closing I want to buy dxy
Reply
Hello, nice setup. I dont trade the DXY, its highly correlated withe the EURUSD so setup is the same.
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F FullTimeTrader
Thank you, I decisided to stayaway buying dxy
You're Idea appears to be right
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Thank you
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So what would be your position on this trade guys? :)
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Very nice chart. Im looking for the invalidation of the H4 slightly bearish looking pin bar and close above 1.1100 firstly before entering any longs.
Pyscho level is strong indeed.
Just hoping there wont be any significant gap next monday if we take this trade..
+1 Reply
URIFX PriceActionTrading
I am also watching this pattern! Very potential trade! Thanks
Reply
Thanks for the idea
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I was thinking along these lines, got out for now. Trading shorter term swings during NY.
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THank you !
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