Our previous two trades for EURUSD is one winner and one loser - due to the high R:R, we have earned 70 pips (I've linked the previous Idea below) and lost 10 pips, in effect gaining 60 pips. Here is one more trade with a good R:R - to buy EURUSD, with the target of 170 in mind (in sum 90 pips gain). Here are the reasons for this trade to work:
1) The 15 min time frame has shown a classic double bottom pattern - even more obvious on the 5 min-time-frame.
2) The 4H timeframe has finally printed a green Doji candle, singling the respect of the long-standing support at 2058 - a resistance turns support since the EURUSD rally 1 month ago.
3) If we trace back to the EURUSD 2018 pattern, this suggests another attempt to go to the top level (at leat 170) from the current price.
Good R:R trade to be executed now.
1) The 15 min time frame has shown a classic double bottom pattern - even more obvious on the 5 min-time-frame.
2) The 4H timeframe has finally printed a green Doji candle, singling the respect of the long-standing support at 2058 - a resistance turns support since the EURUSD rally 1 month ago.
3) If we trace back to the EURUSD 2018 pattern, this suggests another attempt to go to the top level (at leat 170) from the current price.
Good R:R trade to be executed now.
Trade active:
Trade has reached 60 pips profit. Another 30 pips more to go!
Trade active:
Trade has reached 80 pips profit. Another last 10 pips more to go!
Trade closed manually:
Quickly secure the 80 pips profit. Now the price is falling!!
Trade closed: target reached:
TP 2 has been reached (80 pips)
