Hameedfx

EURUSD Bullish Scenario

Long
FX:EURUSD   Euro / U.S. Dollar
I am not trading blindly... I first clear my intention whether to buy or sell a specific pair. That is another point of my successful trading with loads of patience and money management skill.

Here I am preparing myself for a bullish move.... The price may get some reverse from a short term area @ 1.1160 - 1.1157. While doing this short retracement a strong trendline is awaiting for price to press again to 1.1115 level. Whatever is happening, I am waiting for the price to touch 1.1114 level. If the price give me H4 confirmation then I will definitely ride on bulls.

Wait for my signal If the above analysis did at least 70% true.
Comment: After the break of inside bar @ 1.1190 on 06th August 2019 @ 1200 time, We were waiting for another retouch to 1.1211 and trendline. Now the price again made an inside bar which is enough to take some pips for trading it short.

Our bias is still bullish but for this, the price has to touch 1.1113 or 1.1157 levels. Until then we are going short as per below signal

Signal
Sell Stop @ 1.1190
SL 1.1220
TP 1.1130

If the price give us bullish signal @ 1.1157 then we will move our SL or close the trade manually.
Trade closed: stop reached: sl hit lost 30 pips...

Comments

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