EURUSD Possible long setup

FX:EURUSD   Euro / U.S. Dollar
47 2 1
USD was quite weak in last week. EURUSD             is now testing the significant resistance zone , and it is highly likely to break upwards. Personally I would like to wait for a confirmation candle on 1 hour or 4 hour chart to confirm the breakout, and then look for long entry after a consolidation on lower time frame.

My first target will be around the downwards trendline on day chart, and with a reasonable stoploss, we may achieve a good risk/reward ratio. You can choose either close all long position when price reaches there, or leave a portion of your position open and protected to BE to see if price could keep going up.
probably much higher ;)
Agree, but it may test support before continue rising. Can't be sure.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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