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DK_Investment
Oct 13, 2021 12:14 PM

EUR/USD - buy setup incoming Long

Euro Fx/U.S. DollarFXCM

Description

Dear traders and followers,

welcome to todays EUR/USD analysis. Not much to say to this idea. DXY (Dollar Index) is near strong moving average resistance on weekly chart and has shown some bearish divergence signals on higher time frames which indicates an incoming trend reversal for the EURO.
All other important informations for this EUR/USD trade are drawn in the chart.

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Trade active

Comment

moving SL into break even - position already in nice profit

Comment

adding more after close above 1.15800 on 4 hour chart

Comment

moving SL into profit 1.15578

Comment

closing 33% of the position right now and moving SL up to 1.15841

Trade closed: target reached

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