Hey, I am back with another Forex idea, this time looking at EUR/USD.
EUR/USD is trading in range from 1.17500 to 1.8700 for over a month and since we have daily EMA's (20,50) uptrend and 4H EMA's (200,50) uptrend, the most logic thing to do is to Long the bottom!
TP1 is slightly below 1.8100.
I am buying this current dip with a small stop loss.
Good luck with this trade!
Tibor
EUR/USD is trading in range from 1.17500 to 1.8700 for over a month and since we have daily EMA's (20,50) uptrend and 4H EMA's (200,50) uptrend, the most logic thing to do is to Long the bottom!
TP1 is slightly below 1.8100.
I am buying this current dip with a small stop loss.
Good luck with this trade!
Tibor
Comment:
DXY on a 5 min chart in rising wedge, this is very important and valuable information as the EXY and EURUSD are at the bottom of the range.
Comment:
Still waiting for a buy signal...
Comment:
15min chart, Confirmation was given when the price broke from the downtrend line, performed a double bottom but that still wasn't enough, I set a buy at break of 1.17500, currently we are 17 pips up, 40 to go.
Comment:
5 min bullish flag contiunations
Trade active:
Entry at 1.17500
Trade closed: stop reached:
I got out at almost breakeven, my stop loss was set to 1.17488, so -1.2 pips in total + spread.