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MEX_Exchange

EURUSD profit target reached once again, prepare to buy

Long
Euro / U.S. Dollar (FX:EURUSD)  
MEX_Exchange Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD eurusdshort eurusdlong eurusdprediction eurusdforecast Forex forextrading
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9
trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdshort eurusdlong eurusdprediction eurusdforecast forex forextrading
Buy above 1.1712. Stop loss at 1.1633. Take profit at 1.1811.
Reason for the trading strategy (technically):
Price has dropped strongly towards our profit target as expected. We prepare to buy above major support at 1.1712 (Fibonacci retracement, horizontal swing low support) for a bounce up to at least 1.1811 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is approaching major support at 1.6% where a corresponding bounce is expected.

Trade closed: target reached:
Back to kicking some serious ass ;)
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