Prabhu.Ram
Long

The LONG idea is well in motion!

FX:EURUSD   Euro/U.S. Dollar
209 3 2
Hello traders,
This post is an update to the long call yesterday. The market seems to be responding well to the wedge pattern we discussed and is on a move upwards steadily.
Those who entered long yesterday around 1.2270 can move their stop loss to break even since a return to the downside will put our bullish perspective at risk. Those who have not entered long yet, it may be better to wait for a break out from the wedge on the top before entering long.
For further information, you can refer to the previous post attached below.
Happy trading and happy pipping!
this idea still valid for current market situation?
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Thank you! There is always a certain amount of uncertainty in mind while trading against a trend, but then these entries also have some of the best risk ratios! and yes, I am also hoping for a close above 1.2520 by the week, that would leave me with a lot more peace over the weekend ;).. Cheers!
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Nice analysis. I myself have been quite mixed with EURUSD. There has been an unfilled divergence near 1.28. A weekly close above 1.252 would confirm the longs. But your entry is perfect.. sneaked in before anyone could see ;) Nice job.
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