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MEX_Exchange
Oct 24, 2017 2:30 AM

EURUSD testing major support, remain bullish Long

Euro Fx/U.S. DollarFXCM

Description


Buy above 1.1747. Stop loss at 1.1708. Take profit at 1.1855.
Reason for the trading strategy (technically):
Price has reached our buying area and is testing it. We remain bullish looking to buy on major support at 1.1747 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 1.1855 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support at 1.1% and bouncing up nicely from it.
Comments
zerkamaz
I like your stochastic, can you PM where I an find it? thanks
parth791
FreshForex have fast order execution and money withdrawal, the customer support are always responding properly to all my questions and concerns.
HammamiFX
sending thanks from indonesia for the great analysis, I ask permission to share the results of your analyst to my friends in Indonesia..
om.deuja.chhetri
Thank you
MEX_Exchange
@om.deuja.chhetri, you're welcome buddy!
wadisikacucee
thanks thanks thanks for the idea! good one!
noyupesabeqix
Hi MEX_Exchange, please share more of your views, they're helping me a lot :)
abusqi
interesting idea on EURUSD... let's see if it works. I hope it does..!
MEX_Exchange
@abusqi, I hope so too man!
liwe7368
sending thanks from UK for the great analysis!
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