EURUSD looks as though its about to form a perfect morning star on the weekly which would entail a nice reversal.
This trade is simply a conservative long back to previous horizontal support @ 1.20740 - Although ideally if this is met there is a nice long back 1.21649 - 1.22452
This morning was a nice entry on level with the close of the hanging man during last weeks candle. If your not in yet wait for longer duration confirmation (6/8 hour) in my opinion. If 1.21649 - 1.22452
is in range then expect pull backs on the way that would be a much better entry.
This trade is simply a conservative long back to previous horizontal support @ 1.20740 - Although ideally if this is met there is a nice long back 1.21649 - 1.22452
This morning was a nice entry on level with the close of the hanging man during last weeks candle. If your not in yet wait for longer duration confirmation (6/8 hour) in my opinion. If 1.21649 - 1.22452
is in range then expect pull backs on the way that would be a much better entry.