a.b
Long

Long opportunity on EURUSD

FX:EURUSD   Euro / U.S. Dollar
A long opportunity is emerging on EURUSD 60min.
• Price is consolidating
• A resistance turned into support at 1.1696
Bullish sentiment is fading. We need a breakout of the trendline

Always wait for confirmation from your indicators.
Comment: Remember that, unless we have a breakout, we don't have a setup.
Once a breakout takes place, indicators must confirm it!
Trade closed: target reached:
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Hi, this is kind of old, but it looks like it worked out as you posted in the idea. Did you enter a trade on this? I am pretty new and still having a hard time with confirmations, so if you can say anything about what confirmed you take a trade it would be helpful.

Best regards
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a.b DocWonmug
@DocWonmug, Hi! Of course I did take the trade as you can see in the updates of the idea. The setup was confirmed by my three usual rules – each one determined by one indicator:
• Breakout Pivotal Bars – the breakout candle is coloured green
• Sentiment Index – at the time of the breakout, the Sentiment Index broke out its trendline as well
• Levels and Zones – price is above a support

Add the three rules together and you always have a very good setup
Reply
@a.b, Thanks.
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