Good risk reward trade

FX:EURUSD   Euro / U.S. Dollar
We can see that support trendline from December 2015 is still active. The NFP on Friday price push to channel middle line. We are looking for retrace to strong weekly supply zone and BRN             1.1500 then we will looking for short call. The risk reward ratio is very good. Long term we looking for break monthly demand level @1.0570 and to go down to 95.000 or 93.000 level demand zone from year 2000. The RSI is still in uptrend to 70.00 zone so we will wait it. The RSI must get momentum and retrace back to normal mode 50.00 or lower.
Nice, agree on breakdown :)
How do you calculate the strength of currency in pars? Can anyone assist me.
+2 Reply
NearDrowning ndumisomthethwa
Check my idea on GBPUSD or spx500 :)
nice chart
+2 Reply
FxcInvesting Zentrades
Thanks :D
blake200 FxcInvesting
nice work I am also looking for short call at 1.1500 however 1.1800 i think could be possible and i'm wondering weather you have had any thoughts about that ? cheers
+1 Reply
Monthly up, weekly up, daily up, dont know where it will retrace downward. This would probably require extra care for trade management.
The supply zone has already been tested before and didn't move that far down. Sellers do not seem to be numerous up there. My humble opinion.
+1 Reply
FxcInvesting remi.cartier
Thanks for your look Remi ! :)
Yea, don't do it... eu is going to 1.180 possible retrace there before 1.212
+1 Reply
Thanks for your view! :)
+1 Reply
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