Front Running EUR/USD - Bullish Outlook
Hi guys,
I would like to share my analysis on the eur/usd pair, hope you'll enjoy it.
I expect a further weakening of the dollar mainly due to higher political pressure and a further extension of the US government shut down. The major worries rely on the inability of the Us to repay its debt, therefore decreasing its credibility which might have an impact on investors who might move their capital somewhere else.
With that being the case, here a nice Front run trade set up:
- A short term mini consolidation has been formed
- A higher high has been formed plus a new higher low
- Right after the higher low, we got a nice engulfing candle.
- Aggresive entry on the breakout of the engulfing candle of the previous close
- Conservative entry on the breakout of the highlighted range.
- 1.6 Risk:Reward
Hope you liked my analysis,
Feel free to share your thoughts and leave a comment/like.
Cheers,
Sebastiano
I would like to share my analysis on the eur/usd pair, hope you'll enjoy it.
I expect a further weakening of the dollar mainly due to higher political pressure and a further extension of the US government shut down. The major worries rely on the inability of the Us to repay its debt, therefore decreasing its credibility which might have an impact on investors who might move their capital somewhere else.
With that being the case, here a nice Front run trade set up:
- A short term mini consolidation has been formed
- A higher high has been formed plus a new higher low
- Right after the higher low, we got a nice engulfing candle.
- Aggresive entry on the breakout of the engulfing candle of the previous close
- Conservative entry on the breakout of the highlighted range.
- 1.6 Risk:Reward
Hope you liked my analysis,
Feel free to share your thoughts and leave a comment/like.
Cheers,
Sebastiano
Trade closed: target reached:
Take profit smoothly reached!