EURUSD - Next week outlook Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Jun 28, 2014 11:34 AM

Long setup:

1) Wait for price to retrace to the 38.2 retracement from last swing up in confluence with previous support level.

2) From there, we can go long with targets around 1.36640 at completion of AB=CD pattern and major resistance level.

The higher timeframe bias is bullish, so we would be with the underlying trend.

Good luck!!

structure Fibonacci

Comments

dionvuletich

⋅ Jun 29, 2014 8:54 AM

You trade very similarly to myself, harmonics + SD levels, don't see this often so glad you posted your analysis up here to find a like minded trader (although you are based on the other side of the world from myself in NZ)

Daniel.Dalo

⋅ Jun 29, 2014 11:47 AM

That's very nice to know, I think those are great strategies for trading as they both have clear entry level, stops and targets. Now I'm more focused on learning structure to see how I can combine it with SD and harmonics.

I hope I can see one of your charts as well, that would be nice.

Good luck!

IzzoFx

⋅ Jul 2, 2014 11:36 PM

I took a nice trade short off 1.3690. Keep it pippin' lol

Daniel.Dalo

⋅ Jul 3, 2014 8:59 AM

Nice!!! I realized also that there was an opportunity, but didn't get on the trade as I realized too late :s

Good luck man!

IzzoFx

⋅ Jul 3, 2014 1:12 PM

Thanks bro. Currently looking at Aussie for a long entry.