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KaisMarket
Jan 3, 2023 2:58 PM

EURUSD BREAKOUT TEST Long

Euro Fx/U.S. DollarFXCM

Description

We can see the chart to the left is on the weekly time frame just plainly showing the trend. Now we have had a breakout we can see on the daily timeframe a clean re-test and we look to buy now as we have stayed above the mental zone of 1.50000. Nice clean rejection should give us a new move up with a great risk reward ratio. The target lines up with the .50% fib retrace

Comment

1.05 sorry people typo error
Comments
Afsars
First, it's not 1.5 but 1.05 (typographical error)
2nd, is everything depends on dxy...??
As long as the dxy is bearish, Eurusd is bullish.
KaisMarket
@Afsars yeah 100% typo and yes
Afsars
Sorry for weak Eng...
ArmanShabanTrading
I'm Bearish on EURUSD
KaisMarket
@ArmanShabanTrading, short term 1.50000 just with the breakout on the large time frame as long as we stay above 1.50000 it changes the incentive
JoeChampion
Lovely idea!
KaisMarket
@JoeChampion, thanks
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