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sid1707

Double bottom at EURUSD 4Hr chart

Long
Euro / U.S. Dollar (FX:EURUSD)  
sid1707  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns EURUSD Double Bottom LONG
10
0
trendanalysis chartpattern eurusd doublebottom long
Direction: Daily support level @ 1.0773+/-10pips. Long opportunity.
Reason: Double bottom @ Daily support level.
Entry
  • Aggressive entry- Buy stop order @ 1.8453 as price breaks yellow zone.

  • Conservative entry-Wait for the price to break the yellow zone and retrace back to yellow zone to put buy limit order.
S/L @ 1.0765 (~85pips)
Risk/Reward: 3.32
Money management: Risk is low so I will invest 1.2% of my trading account.



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