EURUSD ONE HOUR BREAK AND RETEST TRADE SETUP

Date: 11/25/2016

Time: 21:00 GMT

Forex Pair/Commodity: EURUSD

Position: Long 1:1

Opportunity:

Weekly: triple bottoms at 1.0500
Daily: doji followed by bull engulfing, over extended run
4 Hour: break out resistance trend line and 20 EMA
1 Hour:break out of resistance trend line and 20 and 50 EMA, wait for retest and find support at R1 pivot and 0.382 fib retracement to go long for 1:1

Comment:

Please Refer to the updates on the other link on EURUSD One Hour Break and Retest @

Trade closed: target reached:

Hit price 1.06267, 1% profit gained from a 1:1 reward/risk ratio. Will keep an eye on this pair for future bullish opportunities.