My analysis for the Euro against the American dollar for the long run is we are going to see a very strong and Bullish momentum on the European currency after the wave of Retracement ends
I expect that the prices may stop and end the Bullish movement at the levels of 61.8 FR of the Bearish wave at the numbers of 1.12900 we better watch for a price action from that area and we might see extended momentum till the Levels of 85% of the same bullish wave we mentioned before at the numbers of 1.09000 and that's where we will put our second entry
and then when we ask where will be our fixed stop losses we`ll see the charts telling us normally that will be at the lowest low but we will not do that as we don't want to get caught and the prices trigger our stop losses and then go in our desired direction that's why we will add more Range plus the lowest low in order to eliminate any kind of market manipulation so we will have the number of 1.05000 as our FIXED stop loss
and regarding our targets as you can see on the charts we have the numbers of 1.23500 as the highest high and of course our first target and then we will watch for 1.32200 as our second target
please notice this is SWING trade which mean it might take from 3-5 months to end or to get out of this trade
Please don't move or remove your stop loss under any circumstances
Use proper money management
Trade safe
I expect that the prices may stop and end the Bullish movement at the levels of 61.8 FR of the Bearish wave at the numbers of 1.12900 we better watch for a price action from that area and we might see extended momentum till the Levels of 85% of the same bullish wave we mentioned before at the numbers of 1.09000 and that's where we will put our second entry
and then when we ask where will be our fixed stop losses we`ll see the charts telling us normally that will be at the lowest low but we will not do that as we don't want to get caught and the prices trigger our stop losses and then go in our desired direction that's why we will add more Range plus the lowest low in order to eliminate any kind of market manipulation so we will have the number of 1.05000 as our FIXED stop loss
and regarding our targets as you can see on the charts we have the numbers of 1.23500 as the highest high and of course our first target and then we will watch for 1.32200 as our second target
please notice this is SWING trade which mean it might take from 3-5 months to end or to get out of this trade
Please don't move or remove your stop loss under any circumstances
Use proper money management
Trade safe