OncleJer

EURUSD at bottom of range, what to expect?

FX:EURUSD   Euro / U.S. Dollar
218 3 9
EURUSD             has been in a corrective pattern since 2015 and is currently sitting at the very bottom of that pattern.
We could potentially expect a pullback to previous lows at around 1.085
Price action gave us a ping bar followed buy a bullish engulfing candle.
Looking at DXY             strenght, we will need a bit stronger confirmations in order to long the pair to the green zone above 1.08.
If price breaks from the range, trade will of course be invalidated.
Don't rush it, trade it safely, many opportunities will come.
Good luck
Comment: EURUSD is in strong consolidation, we might not reach the target we are hoping for on this pullback. Be careful, trail stop.
Comment: Gave us a sweat yesterday night on market open, still on the right path!
Trade closed: target reached: The pair jumped to the target before falling down, out of this one for now.
This was a wxyz correction !! You were supposed to sell at the end of Z when your1.085 hit and when it was supposed to end correction and resume downtrend !!
Reply
YOU ARE LEARNING !
Reply
@ChimbOt, :D
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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