Get started
colibritrader

EURUSD Trading Idea

Long
Euro / U.S. Dollar (FX:EURUSD)  
colibritrader  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURUSD eurusdlong eurusdforecast
1
0
trendanalysis chartpattern beyondta eurusd eurusdlong eurusdforecast
I am currently looking at EURUSD and it seems like we might be about to see a continuation of the uptrend.

The price has formed a bullish engulfing pattern on the daily timeframe. This pattern is preceded by another bullish engulfing pattern that formed in the previous two trading sessions.

I will be waiting for the EURUSD open to see if there would be an opportunity to go long.

Then, I will be looking how the price will react to the 1.2500-1.2600 levels and decide if I want to take profits or let the trade run.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.