VladimirRibakov
Long

EURUSD Buy Signal

FX:EURUSD   Euro / U.S. Dollar
Target 1: 1.0800
Target 2: 1.0950
Stop Loss: Break and close below 1.0500 or the last low created before the wedge pattern is broken
Thanks a lot for your analysis, is just perfect so far. Go on like that.
Reply
It is always tempting to call out a bottom using a wedge like this. But you really need a Daily timeframe buy signal to
go against this strong bearish trend. Still, with a rather tight stop and hoping for a short squeeze, it might be a decent setup
after all. With that bullish divergence shown on the MACD. Good Luck there. I am short from 1,11 targeting 0,93, but that is
a trend trade setup, based on the broken weekly flag pattern seen earlier.
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