1D EUR/USD LONG Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 12, 2019 4:20 PM

Looks like price has broken above a descending trendline. I am anticipating that it will go down to the red support zone and then bounce back up to the indicated resistance / target.

Trade closed: target reached

⋅ Oct 17, 2019 11:52 AM

Support and Resistance Trend Lines

Comments

nuttydave

⋅ Oct 12, 2019 11:31 PM

Good analysis. Time to watch the 480 and see what happens. A pull back to the channel would be the time to get in.

reubenroyal

⋅ Oct 14, 2019 11:16 AM

@nuttydave, Yes sir, I agree.

reubenroyal

⋅ Oct 15, 2019 3:01 PM

Bullish engulfing after the bounce off of support is a good sign. 4H chart to close this bullish would be great.