"Waiting for long entry on Euro/USD" by trader hope.bleecker — published February 22, 2016

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Euro / U.S. Dollar (FX:EURUSD)

FX:EURUSD Euro / U.S. Dollar

I have been waiting to enter the long on euro . Typically the market breaks the inner trendline and goes to the outertrendline. This gives a low range of about 1.1079 for the high and 1.0868 for the low... I tend to look for the lower entries.

Trade active: Added at Past Resistance which became future support today.. Take this on up... don't be bashful... 117 minimum.

Draw a countertrendline on your one hour chart as of right now on Tuesday 2/23/16 at noon, you should see that you do not have a break of your countertrendline and pullback to it... Once you have the structure, you can trade with the bullish candlestick formation. Personally, I think this may have a little more of a drop.. but we don't know what it is going to do... So we need to watch it... The first long trade after we get the structure should take us to the 117 area.

so what target do you want to entry position?

im looking for 1.1080 to enter short too

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