Abu-Sushi

EURUSD Possible nice long idea

Long
FX:EURUSD   Euro / U.S. Dollar
Hello everyone this is my idea for Euro/dollar on daily time frame ..

Price has broken a downtrend line ( black line ) price is showing rejection from black line after the break which mean
the black line turned into a good support and we assume that buyers are stepping in ..

Our idea is to buy target zone above 1.22 our stop loss a daily candle close below black line or below 1.18400 support
what support our idea is those three reasons below ..

Price broken black line downtrend .. and showing support
Price is forming a reverse head and shoulder pattern as shown in chart below
Price has broken a RSI downtrend which turns to be bullish …


for any question feel free to ask


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.