EURUSD - Heading Higher Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 19, 2019 5:12 PM

Hi Traders,
The maket broke out and retested the area around 1.10200.
Then it was moving higher and made higher highs and lows.
Now it stucks in a resistance zone.
Now the market will probably break this resistance too until
our TP-Level at 1.11100. Our secound TP-Level is at 1.11600.
Both because of probably zones where sellers could get in.
We recommend to buy the breakout with a risk-to-reward up to 1 to 3.5!

Thanks and good luck :)

Comments

Artaslam

⋅ Nov 20, 2019 3:33 PM

Uptrend or downtrend??

swissmoneymakers

⋅ Nov 20, 2019 7:08 PM

@Artaslam, Hi thanks for your question!
We'll give you a tip of how to detect the trend for yourself:

If you want to determine a longterm trend, you look whether it is above or below the 200MA and that's your uptrend or downtrend.

Same for the midterm trend with a 50MA and the shortterm trend with 20MA.

We hope it was helpful for you and all the others :)

swissmoneymakers

⋅ Nov 20, 2019 7:13 PM

@swissmoneymakers,
For now...

Longterm trend: above 200MA ~ Longtrend

Midterm trend: below 50MA ~ Shorttrend

Shortterm trend: above 20MA ~ Longtrend

But on the 1h time frame!

Good luck :)!