IvanLabrie
Long

EURUSD: Short term long, two targets

FX:EURUSD   Euro Fx/U.S. Dollar
568 14 6
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!
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
exapodo63
2 years ago
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
2 years ago
the recent drop to 1.1305 is a 50% retracement of the gain since Jan 25

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

Sudden price drops expected (waterfall) as Dollar significant resistance line will get breached.
+1 Reply
IvanLabrie TOP Patladj.
2 years ago
Even if it retests the previous high, that's normally a good strategy.
-1 Reply
AristotelCostel IvanLabrie
2 years ago
It seems that you are full of buying ideas
Short term long, getting ready for an even better short entry
Reply
IvanLabrie TOP AristotelCostel
2 years ago
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.
Reply
AristotelCostel IvanLabrie
2 years ago
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 TOP AristotelCostel
2 years ago
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.
Reply
AristotelCostel IvanLabrie
2 years ago
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
Reply
IvanLabrie TOP AristotelCostel
2 years ago
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)
Reply
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.
Reply
AristotelCostel IvanLabrie
2 years ago
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.
Reply
AristotelCostel AristotelCostel
2 years ago
http://1.bp.blogspot.com/-bjwKgnFRUxg/VNfbjExfLzI/AAAAAAAAAzw/hdTY8JboNzg/s1600/EURUSD_8februarie2015_Pump_Dump.png
Reply
IvanLabrie TOP AristotelCostel
2 years ago
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. ;)
Reply
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