geppytrading
Long

EUR/USD Longs Present Good Risk/Reward

FX:EURUSD   Euro / U.S. Dollar
58 1 0
I really like EUR/USD             longs from current levels ~1.0850ish based on the 4-hour chart. It seems to have found a base on at the 100 MA which comes in just a bit above the 200 MA. For me this is always a great time to enter a trade: when MAs are close together and offering support or resistance. It allows you to easily define your risk.

My current longs are averaged in at 1.0833 and I have a stop loss in at 1.0780 -- an initial target right now seems like the 50 MA which comes in a bit above 1.0900 at 1.0930. But I think this trade has room to run higher and maybe even above recent highs at 1.1050. I'll be monitoring it as I go, but like I said... really like the risk/reward here.
I've added to the position twice now on the lower time frames. I continue to hold longs. Let's see how far she can run!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out