waiting for breakout

FX:EURUSD   Euro / U.S. Dollar
83 0
Entering long after the breakout
This is not trade advice
Comment: Price dropped a bit down. Now it should reverse and draw a nice W, breaking the red line and hold above it. Should the RSI jump strongly and be overbought immediately, then the trade is not valid even if the red line is broken. Watching RSI closely is very important.
Comment: Bullish engulfing on H1. Strong bullish signal. Very nice !
Order cancelled: You see that even if we have reversal signs on different time frames, it is always good to trade with breakout confirmations. Price dropped. trade is now cancelled and I did not loose money ;-)
Comment: As said in my previous post. Ichimoku is very bearish and it may drop to 1,08600 and lower before we see a reversal.
Comment: And it dropped to 1,08600
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out