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cvfxwealth

EURUSD Consolidation Buy Signal 100 Pips

Long
Euro / U.S. Dollar (FX:EURUSD)  
cvfxwealth Updated   
FX:EURUSD   Euro / U.S. Dollar
Supply and Demand Support and Resistance Parallel Channel forexideas EURUSD euro DJ FXCM Index tradingideas fx consolidationzone
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supplyanddemand supportandresistance parallelchannel forexideas eurusd euro usdollar tradingideas fx consolidationzone
We are currently in a consolidation for EURUSD. Long term I am expecting a break below this channel to the downside.

Currently technicals are pointing north for one more test before a drop.

Look to enter at current price range of 1.1730 to 1.1765 on a 15m chart.

Take profit @ 1.1900, short stop loss 20 pips under last low.

Good luck!

Charles V
CVFX Management
Trading made Simple
Comment:
Price retraced but still expecting a move upwards.
Comment:
Stop Loss hit, wait for better confirmation before entering.
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