chartwatchers
Long

EurUsd - Possible entry point at the neckline backtest

FX_IDC:EURUSD   EURO / US DOLLAR
1721 9 43
2 months ago
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.
2 months ago
Comment: Buying.
snapshot
2 months ago
Comment: If someone wants to use a stop I would set it at 1.0840.
The neckline testback is done.
a month ago
Comment: So far it's working well.
We just need to break the previous high at
snapshot
a month ago
Comment: ... previous high at 1.0947.

Related Ideas

Gix67 PRO
2 months ago
following! thanks
Reply
arif_awan Gix67
a month ago
New analysis for EurUsd
Reply
piptamil
2 months ago
Thanks Arpi ...Agreed.
Reply
GoldBug777
2 months ago
Hey, what do you think of LABU? We must be getting close to the bottom now..
Reply
chartwatchers PRO GoldBug777
2 months ago
We might be testing the gap. Idont suggest to enter before the elections
Reply
harryexe
2 months ago
Thank you! I'm forward testing my divergence strats too. How do you determine your take profit?
Reply
watsonzou26
2 months ago
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.
Reply
val_trader
2 months ago
what do you think Arpi to short the DXY ?
Reply
watsonzou26 val_trader
2 months ago
It almost gets there. But i would prefer short DXY at 100.00 around if we have chance.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out