Going Long on EURUSD Long

FX:EURUSD120

Euro Fx/U.S. DollarFXCM

Description

⋅ Dec 26, 2022 9:18 PM

Going long due to higher highs and higher lows and Fib support of 0.236 breakout

Trend Analysis

Comments

InvestMate

⋅ Dec 27, 2022 4:32 PM

I expect the downward trend to continue

Moeezahmed

⋅ Dec 27, 2022 10:16 PM

@InvestMate, I appreciate your concern.
I guess It should touch 1.07 level first then down.

ProjectSyndicate

⋅ Dec 27, 2022 9:49 AM

excellent summary and setups today

Moeezahmed

⋅ Dec 27, 2022 10:16 PM

@ProjectSyndicate, Thank you sir :)

ProSignalsFx

⋅ Dec 27, 2022 7:29 AM

Thx!

Moeezahmed

⋅ Dec 27, 2022 10:16 PM

@ProSignalsFx, You're Welcome :)

Rockqet

⋅ Dec 27, 2022 1:44 AM

Hello, I agree with your bullish bias on EURUSD. I believe we are on the same page with a very similar idea! However I have using a buy stop and I also intend to buy and intend to take profit will be at 1.07358, where the previous swing high is. Please consider my suggestion:

Moeezahmed

⋅ Dec 27, 2022 10:22 PM

@desmondlzw, I put the stop loss at 1.05874 which is below of higher low (DOW theory). If my setup hit Sl it means this bullish pattern is no more valid. However, your SL has more space.