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chartreader_pro
Aug 15, 2018 11:49 AM

EURUSD Long Opportunity Bullish Butterfly Long

Euro Fx/U.S. DollarFXCM

Description

As described in the chart.

Comment

Setup generated 120 pips. We look for a short opportunity.
Comments
MAKDXB
nice Job , hope DXY raise is over or at least will have break to recover . Do u Expect the Same for GBPUSD . Thanks
chartreader_pro
@MAKDXB, Thx ...Short term...yes...we expect a recovery...if u read my latest DXY analysis, you may have a better idea
InvestingScope
Thank you for your analysis. We have a bearish outlook, using the 1.1284 level as a break-out point. If crossed we'll see 1.11765 if not it can bounce to 1.1510 as a Lower High on the 1W Channel Down and then touch 1.11765. In any case the long term trend remains bearish:

chartreader_pro
@InvestingScope, probably i am one of the few who put target 1.12 when it was 1.22500. Fundamentally and texhnically I explained well enough.thanks for your comment.
Valtens
Completely agree
Davybolero
Yes maybe for some pips but i don't do it.
chartreader_pro
@Davybolero, ok...good luck
Davybolero
Don't go long the main trend is down.
chartreader_pro
@Davybolero, If you read our analysis on EURUSD , you will see that our target is 1.12000. We are talking about a shortterm correction here.
chartreader_pro
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