Here we are on EURUSD daily chart and as we can see price has reached towards its important support barrier which is nearly at 1.2206 we have obvious "BUEB" (Bullish engulfing bar) here on last daily session closing we have three factors support our trade here such as trend which is bullish long term, support barrier and BUEB setup itself. We can enter on this signal depending on our entry strategy. Let's see how market unfolds from here, safe trading!
Many thanks Mr. Rehman for your sober and well thought out analysis.
I've been following your posts for a few months now and I must say they are a gem!
If you dont mind, would you also include your exit strategy/ exit points as part of the analysis.
Thanks.
HashamARehman
⋅
@Muriuki, dear sir thanks for your appreciation, :) For your asked question I will answer that you can observe Risk to Reward ratio on my analysis and set your prices as it is set and most importantly I must say that you should focus on your trading plan, everything should be covered in that plan how are you comfortable with entries and exits! its upon you! I normally take 50% retracement entries!
I've been following your posts for a few months now and I must say they are a gem!
If you dont mind, would you also include your exit strategy/ exit points as part of the analysis.
Thanks.