jojofang0901
Long

EURUSD ONE HOUR BREAK AND RETEST TRADE SETUP

FX_IDC:EURUSD   Euro Fx/U.S. Dollar
158 0 11
Date: 11/25/2016

Time: 21:00 GMT            

Forex Pair/Commodity: EURUSD            

Position: Long 1:1

Opportunity:

Weekly: triple bottoms at 1.0500
Daily: doji followed by bull engulfing , over extended run
4 Hour: break out resistance trend line and 20 EMA
1 Hour:break out of resistance trend line and 20 and 50 EMA , wait for retest and find support at R1 pivot and 0.382 fib retracement to go long for 1:1
Trade closed: target reached: Hit price 1.06267, 1% profit gained from a 1:1 reward/risk ratio. Will keep an eye on this pair for future bullish opportunities.
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