chartwatchers
Long

EurUsd - Possible entry point at the neckline backtest

FX_IDC:EURUSD   EURO / US DOLLAR
1734 9 43
My previous long idea in EurUsd             is still valid. We are now at the levels where I suggested a long enter in EurUsd             .
As today we broke out of the double bottom - 4hrs chart- one could open a long position right now at 1,0921 and add to the position at the possible neckline testback at 1.09.

Most probably the FED halted the USD strengthening yesterday at DXY             99.

We also have the swing on the daily chart . If the swing won't be erased and holds till tomorrow the long entry will be validated based on the daily chart also.
Comment: Buying.
snapshot
Comment: If someone wants to use a stop I would set it at 1.0840.
The neckline testback is done.
Comment: So far it's working well.
We just need to break the previous high at
snapshot
Comment: ... previous high at 1.0947.
following! thanks
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New analysis for EurUsd
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Thanks Arpi ...Agreed.
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Hey, what do you think of LABU? We must be getting close to the bottom now..
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We might be testing the gap. Idont suggest to enter before the elections
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Thank you! I'm forward testing my divergence strats too. How do you determine your take profit?
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Hi Arpi,

As always,i respect your great analysis and i keep following you.

As for eurusd, i have different view here. The red neckline in your chart is too weak compared to neckline above. So i think wait for 1.064 around will be a good enter long point.

I could be wrong again.
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what do you think Arpi to short the DXY ?
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watsonzou26 val_trader
It almost gets there. But i would prefer short DXY at 100.00 around if we have chance.
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