EURUSD: Short term view

FX:EURUSD   Euro Fx/U.S. Dollar
We're examining the 30 minute timeframe, showing data from last week here.
We have a line showing the open to open trayectory of each day, with prices above this line, labeled in green, and below it, red. This shows us how each day's activity impacted sentiment, despite making a mostly sideways path, eventually closing up for the week.

We had a dramatic shift in sentiment, between Thursday and Friday, with the bulls emerging as clear victors.
I anticipate a rapid acceleration of price, hitting the target on chart initially, before any kind of retracement is likely. So, as a short term trade, additional to the longer term entry we took on Friday, we can add to longs on a break of 1.12506, with stop at Friday's close minus 1 tick, aiming for 1.13164 to exit.

Good luck!

Ivan Labrie.
Order cancelled: The expected breakout never came, so we didn't get in.
Comment: The same breakout trade is valid now. (I prefer the daily stop though, check my other post)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out