Good risk reward trade

FX:EURUSD   Euro Fx/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.
Agree on that resistance zone :) been holding price since early 2015 thanks for the post
+2 Reply
FxcInvesting fxfabianng22
You are welcome :)
+1 Reply
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
Why it should?
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 ! :)
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
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 :)
EURUSD - Pure Best Technical Levels
Nice, agree on breakdown :)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out