Synapse
Long

EURUSD - Descending Wedge Broken - Looking for Longs

FX:EURUSD   Euro Fx/U.S. Dollar
Greetings Fellow Traders,

Following up on a recent EURUSD             analysis, the market unfortunately at his time did not provide us with a support entry or retest of yearly lows....however it DID confirm the break of the Descending Wedge on the daily chart . I will be looking to enter a long position on a retest of this significant level. Please keep in mind that the close of the daily candle in the next day or two are the most vital to the success of this trade.

Wait for price to get back to the desired level to retest the resistance that was broken and should now be acting as support. If this action does not take place, neither does a trade.

Trade Opportunity:
Buy Limit 1.0580 or Manual Entry
Stop Loss 1.0520
Take Profit 1: 1.0700
Take Profit 2: 1.0820


Please do your own analysis before entering a trade. If you like what you see feel free to comment, follow or "like"
I do my own analysis but like to look what other traders are thinking. Spot on my friend, the best on this site.
+1 Reply
Synapse bena2
Thank you very much for the feedback.
Reply
Was your SL hited :(
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Sir very good analysis....Please give emote analysis for eur/usd
+1 Reply
Synapse kumar.mayank0470
Thanks for the compliment, could you re-phrase the second part? Maybe a language barrier of sort but I'm unsure of what you mean as far as 'emote analysis'
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IMHO, it may go back into the wedge and rebreak it. Thanks for the analysis.
Reply
Great setup.. Same view on this..
Reply
Trade active
Reply
Synapse ChimbOt
Very much so :) hope you took the trade, Only trying to help people here not lose money
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