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!
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