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nilambano3

Week 3 Trending Lines Idea 4: EURUSD Line Chart

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
nilambano3  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
Upon reviewing the line chart of the EURUSD pair, we observe a potential bullish trend developing, characterized by higher highs and higher lows.

This suggests a likelihood of upward momentum in the price.

Trade Plan:

Entry Point/Buy Stop: 1.0809
Stop Loss: 1.079
Lot Size: 0.53
Take Profit Targets (TP):

TP1: 1.0828 with Risk-Reward Ratio (RR) 1%
TP2: 1.0847 with RR 2%
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