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FxScientist999

EURUSD Buy Opp

Long
Euro / U.S. Dollar (FX:EURUSD)  
FxScientist999  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines
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trendanalysis supportandresistance trendline
EURUSD buy opportunity setting up nicely. Price is currently approaching the uptrend line. If price rejects the trendline and bullish candles form to engulf the previous bearish candles by more than half, we can position ourselves for a buy. I anticipate holding this position for at least 30 pips up to the next level of rejection above. There is no news in site so this should be a solid trade opp. Adversely, if price breaks this trendline and heads to the bottom side, I will not be taking buys and will reposition myself for sells if price continues downward and breaks the below horizontal structure.

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