Swingtrading - Buy Long EURUSD Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Aug 30, 2016 10:15 AM

A pure technical take on EURUSD

Validations

Rate testing support @ short term up channel.
Expectation are FED will move only after US elections.

Invalidations

As per other US crosses, strong economic data could derrail this strategy.
Persistent bullish chatter in the media channels..

Parameters

Buy @ 1.1170, SL @ 1.1130, TP 1.1395

Cheers

Comments

Vik_FinTrader

⋅ Aug 31, 2016 4:04 PM

Update August 31: Position got stoped for just 40 pips loss, as arguments shown on 'Invalidations' paragraph were confirmed.

Vik_FinTrader

⋅ Aug 31, 2016 6:21 AM

Update August 31: Yesterday the rate was two pips away from SL, thanks to positive data and the persistent bullish chatter (USD posiitive). Next data on agenda from ADP and NFP this week could trigger our SL, already under critical distance.