Working off H4 this week for Eurusd
this week EURUSD has a better looking chart than last week
I was on long trade position ( check my last EU chart for more detail) on eurusd entry was 1.0638 my stop is @ 1.0558 I thought it would be @ BE by now but didnot reach the BE zone.
Any way,
I am still BULLISH for EurUSD
reasons
1. Pin Bar on final last 2 candles of friday
2. OPEN and CLOSE above the Weekly and SHS trend line
3. New High
4. Flag is forming
5. MA 100 is about to cross MA 200
MA 21 already has crossed
6.SHS is completed
7.Rejection Pin bar is on MA 21 ( this should of been my no 2 reasons)
I am already in a long position how ever I will add another position @ lower band if I catch it@ the right time other wise I will add another position @ conformation of break upper band
TP still major resistance and supply demand
TP 1 80 pips
TP 2 200 Pips
TP 3 300 pips
with 70 pips SL this is is a nice 4:1 ratio
Good luck
this week EURUSD has a better looking chart than last week
I was on long trade position ( check my last EU chart for more detail) on eurusd entry was 1.0638 my stop is @ 1.0558 I thought it would be @ BE by now but didnot reach the BE zone.
Any way,
I am still BULLISH for EurUSD
reasons
1. Pin Bar on final last 2 candles of friday
2. OPEN and CLOSE above the Weekly and SHS trend line
3. New High
4. Flag is forming
5. MA 100 is about to cross MA 200
MA 21 already has crossed
6.SHS is completed
7.Rejection Pin bar is on MA 21 ( this should of been my no 2 reasons)
I am already in a long position how ever I will add another position @ lower band if I catch it@ the right time other wise I will add another position @ conformation of break upper band
TP still major resistance and supply demand
TP 1 80 pips
TP 2 200 Pips
TP 3 300 pips
with 70 pips SL this is is a nice 4:1 ratio
Good luck
Comment:
in trade neg 12 pips
Comment:
BE
Comment:
TP One Hit 80 pips
