FX:EURUSD   Euro/U.S. Dollar
352 6 0
Went long on the break out of the H4 Inside Bar . Stops below swing low 1.30100
First PT would be 1.34000 where we had a lot of resistance before.
It will surely go up will remain below 1.3300 then reverse and go down and will make new swing low
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SignalTradersUK aries_harris
that is pure speculation on your part, unless you secretly work for a central bank.
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you'll blow your account very soon!
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SignalTradersUK aries_harris
you have no idea how big the account is...
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I would wait for a clearer sign that it will go up. You also see the clear resistance at 1.3167.
The target seems to be to much ambicious. We get strong resistance at around 1.33.
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Price has retraced a larger move up to the Feb 2013 high, by 61.8%.
The large Inside Bar at this point of support was my reason to go long. USD/CHF posted a reversal pattern from Friday night, so although I am currently out of the trade shown here I am quite positive at getting back in long at some point soon. This was a trade that failed but the methodology stays true. Can't win them all.
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