chartwatchers
Long

EurUsd - The end of panic selling

FX:EURUSD   Euro/U.S. Dollar
1403 4 27
I know a lot of traders are waiting for the break of 1.05 and 1.045 and later a parity in EurUsd             .
So far we are just bouncing from the multi month trendline and printed a daily swing.
If I'M waiting for DXY             to break down and top in the megaphone top I should be waiting for EurUsd             to print a bottom and rally towards 1.100.
Indicators:
TSI is crossing over (Notice TSI is turning up from super oversold levels like 2015. March)
RSI is turning up and leaving overbought

Today we have a daily swing and the swing was not erased. We printed a steep decline with 6 days of panic selling and today we bounced from the multi month trendline .
This is a low risk long entry with a stop below yesterday's low (1.0550)

NEW LONG ENTRY
cycle guys cant get this right at all
Reply
@chartwatchers Bro, It broke down. What next?
+2 Reply
I will TP by 1.0850, bullish Butterfly
snapshot
Reply
It's actually a trendline from the beginning of the milennium :)
EUR/USD-structures
+4 Reply
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