DLavrov
Long

EURUSD Trading Idea

FX:EURUSD   Euro Fx/U.S. Dollar
490 7 42
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.
agreed with u, so far i'm on a EU short scalp now, would love to find a better entry to long this pair
Reply
DLavrov Cornhub
@Cornhub, thank you!
Reply
Could you elaborate on why the DMI allows for opening the trade.
Reply
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.
Reply
hubavka DLavrov
@DLavrov, cool, thanks
Reply
Good analysis.You have choose three very combinated indicators .Good work, keep going well.
Reply
DLavrov avenezh63
@avenezh63, thanks for your comment )
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out