Hello traders, I hope you are all doing great! The last week finished in deep green territory for us (The Greek Trader community) above 380 pips profit and we are doing the same on this one with the short trade trade on EURUSD bagging more than 170 pips! The trade set up we are looking now on the EURUSD is a log set-up and let us tell you what our analysis is showing us:
Technical Observations 1.We have price reaching a daily-weekly and a monthly zone at 1.1600-1.1670 level. 2.It's a psychological round number! 3.We have bullish MACD divergence on 4hours already created. 4.We have a Bullish Gartley pattern. 5.We have an ascending channel that broke to the downside. 6.We have probably also a bull flag forming.
Possible long Trade
ENTRY at 1.1600-1.1670 area. STOP LOSS at 1.1570 TP1 at 1.1960 TP2 at 1.2030 RISK/REWARD 3.11 RISK/REWARD 3.80.
Thank you all for your support! Keep following for more profitable trades ! Don't hesitate to ask me anything you want!