mrsanto
Long

EURUSD BULLISH SETUP

FX:EURUSD   Euro / U.S. Dollar
161 3 5
This is a premature draft of my bullish setup.
we need some confirmation.

Invalidation level at 1.1050
Comment: If the price break above WPP next step should be at least 1.1175
Comment: still going up, but not so strong

Comment: small target area reached.
now a little pullback could happen but i hope it will continue up a little more.
Comment: if we drop below the dangerous area the trade could be at risk.
Since i'm long from 1.1103 i will eventually edge my positions 'till 1.1050 if the price fall below 1.1100.

Comment: Price actually sits in the "dangerous pullback zone".
If the price reverse here next minimum target should be around 1.1200
Price can still fall lower to 1.1100 - 1.1050 ....

Comment: facing first resistance area let's see
Comment: closer to new target
Comment: Even closer to next target but next 2 days will be full of news.
Pay attention with your trades.

Comment: Target reached.
Now the price could come back a little in the area of 1.1170 - 1.1140.
This can provide a new buy opportunity if the PA tell us.
The price can also continue up to shark 1 target
Let's wait where news will bring us today

Comment: Downside still in progress. Let's see where Draghi bring us

Comment: Here we are. Will it go UP or DOWN ?
Comment: Shark target 1 reached :)
Comment: I will continue with the daily setup
Comment: OK, now the price reached a good level.
At this point it can continue a strong up move or retrace. I personally took partial profit at 1.1345 and i will keep open a couple of long positions. I will wait for it to reach the shark target area 2 around 1.1415-1.1460 (strong resistance area). i moved Stop to BE and i will manually close the trades if PA tells me.

Comment: Trying again to broke WR1 and reach target 2
target 2 touched. now waiting for Draghi.
Reply
closer to new target
Reply
facing first resistance area let's see
Reply
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