EURUSD Trading Idea

FX:EURUSD   Euro / U.S. Dollar
500 7 44
Price bounced from the strong support level 1.05. RSI confirms price reversal and MACD histogram shows up movement. DMI indicator allows open long trades. We can search for entry levels on 1H or 4H charts. Place stop orders below 1.05 and take-profit orders near 1.08.
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Good analysis.You have choose three very combinated indicators .Good work, keep going well.
DLavrov avenezh63
@avenezh63, thanks for your comment )
Could you elaborate on why the DMI allows for opening the trade.
DLavrov hubavka
@hubavka, when we have rising ADX line, it means that movement is strong. In such way we can only follow this movement and open trades in the same direction. But when ADX falls, it means that movement is not strong and it's possible to open trades in both directions.
hubavka DLavrov
@DLavrov, cool, thanks
agreed with u, so far i'm on a EU short scalp now, would love to find a better entry to long this pair
DLavrov Cornhub
@Cornhub, thank you!
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