EURUSD: Short term long, two targets

FX:EURUSD   Euro Fx/U.S. Dollar
570 14 8
I entered long as shown in the chart, there is a potential setup that points to the profit targets depicted in it.

Risk/reward ratio is attractive, and the estimated hold time is 3-7 days.

Good luck!
Technically EURUSD will surge to 1.289

has already begun JAN 25

stay long all the way

good luck and enjoy the ride
-2 Reply
exapodo63 exapodo63
the recent drop to 1.1305 is a 50% retracement of the gain since Jan 25

perfect place to open long positions
-2 Reply
Bulls be aware.

Sudden price drops expected (waterfall) as Dollar significant resistance line will get breached.
+1 Reply
Even if it retests the previous high, that's normally a good strategy.
-1 Reply
It seems that you are full of buying ideas
Short term long, getting ready for an even better short entry
IvanLabrie PRO AristotelCostel
Older ideas reflect what I thought at the time. As you can see, I mapped the path rather accurately. Trades I don't need to map a longer term outlook to work though.
OK, As a long term trader and trend scalper I see things from a different angle. So, I always need to map a longer term outlook.
+1 Reply
IvanLabrie PRO AristotelCostel
Sorry, somehow that came out wrong.
I meant that trades don't need to end up looking nice in longer term charts to work.
For example, I can trail stops and take profits before candles close, and many times this won't look good or clear in the chart in the future.
Yeah. And when the trend is down, your short trail stops might not get reach so quickly. But if you prefer longs, it's your choice. :D
IvanLabrie PRO AristotelCostel
I prefer whatever the technical elements suggest, sometimes it agrees with fundamentals, sometimes it's a contrarian setup.
Right now, btcusd is a contrarian long in my view, for instance.
EURUSD, I think it has some more room to fall, but not something I'd trade, compared to eurjpy (see my last eurjpy chart, for a clear short setup)
As you can see my stop level was indeed a crucial one...I posted a new chart, showing a long setup in multiple Euro (and Pound) pairs.
Feel free to check it out.
That SL solved the problem and the rest of the "long" position is just a decent opportunity for short entries to get several hundreds of pips.
AristotelCostel AristotelCostel
IvanLabrie PRO AristotelCostel
You can capitalize on this from multiple angles logically...I just don't have the time to trade intraday anymore...otherwise I'd be all over this volatility using 5m/15m/1h. ;)
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out