EUR/USD 60 min structure/breakout play

FX:EURUSD   Euro / U.S. Dollar
Price is coming into a key structure level. Price has tested 1.0633-1.0640 level before and has had a strong reaction. We'll see what happens on the open, if price strongly rejects this level look to go long. However if we get a strong close below 1.0633 we could have a nice breakout play to the downside. If that's the case I'm looking to take profits at the ABCD completion 1.0548 on the 240 min chart. Also price will probably gap on the open, if we have a gap to the down side you could place your sell order at the gap for a touch-and-go to the down side. Either way we have a couple of good trading opportunities. Trade what you see, not what you feel. Good luck.
Comment: If you haven't gotten short you can wait for a retrace up to 1.0633 to get short. Good luck trading.
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