hpis44
Long

EURUSD 30min. LONG SETUP

FX:EURUSD   Euro Fx/U.S. Dollar
Euro             seems finally found its bottom (near term) against the dollar and showed a big correction move to the up. Assuming that the corrrection is not yet over, I place two pending orders as shown on the chart. As You might see we still have a lot of space to the upside until price reaches its medium term resistance line.
So, buy orders are placed right at FIBO 38.2% retracement zone which is almost exactly the same as daily pivot line. In view of this stoploss placed just below the 61.8% retracement , wihich level if broken down the momentum will probably be lost.
Target levels are set at daily R1 & R2 lines, that can easily be reached if Euro             maintains its stamina.

Good luck to all !!
Bull flag in play, my plan changed also, wanted to short for retrace but DXY falling today
Reply
hpis44 Andrey.Ustinov
I agree, a bullish flag also showed up - thanks for the comment
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