J_Graystone
Long

EURUSD Potential Long Opportunity

FX:EURUSD   Euro Fx/U.S. Dollar
1140 4 24
Looking at this pair for a while, we are now finally pushing down into that previous consolicadation support area down at 1.0810's.
We will be paying attention to this in the live room today but we are not expecting much action in anticipation of the NFP release tomorrow.

As you can see market is stalling down at that level putting in a descending channel.
We do have bullish divergence on the RSI which is typically a good indication that we could see some relief too. We have market putting in lower lows and the RSI putting in Higher Lows.


If you are interested in this style of trading or would like to see what it really takes to be independently, consistently profitable, then go over to http://tradeempowered.com/london-live-room/ and come into my live room for a week for FREE to watch me trade live.

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Related Ideas

vdubus PRO
9 months ago
have a similar set up on EC
snapshot
+1 Reply
J_Graystone PRO vdubus
9 months ago
Thanks for sharing
Reply
OLIGARCH
9 months ago
It already did breakout! But bounce back can be expected!
Reply
J_Graystone PRO OLIGARCH
9 months ago
Yep the breakout happened a couple of hours after my idea was posted.
Reply
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