Hello my friends,
Today i am gonna trade EURUSD.
I am taking a buy position for this pair.
As you can see, EURUSD respecting this ascending trendline from the beginning of Desember until now.
As long as price above this trendline, we will only look to buy EURUSD on every dip.
Notice also price above EMA-200 so, we could say EURUSD is bullish.
I also marked potential horizontal support level with those yellow area.
This area is an area where price open with a gap. Usually this kind of gap will turn into support or resistance.
Buy EURUSD 1.2250
Stop loss 1.2215
Take profit 1.2470 (6.3R)
RR Ratio 1 : 6.3
Use only 1-2% risk
Good luck
Today i am gonna trade EURUSD.
I am taking a buy position for this pair.
As you can see, EURUSD respecting this ascending trendline from the beginning of Desember until now.
As long as price above this trendline, we will only look to buy EURUSD on every dip.
Notice also price above EMA-200 so, we could say EURUSD is bullish.
I also marked potential horizontal support level with those yellow area.
This area is an area where price open with a gap. Usually this kind of gap will turn into support or resistance.
Buy EURUSD 1.2250
Stop loss 1.2215
Take profit 1.2470 (6.3R)
RR Ratio 1 : 6.3
Use only 1-2% risk
Good luck