Moranda
Long

EURUSD - Long term trading - Buy now, hold forever!! (1,83)

FX:EURUSD   Euro Fx/U.S. Dollar
566 7 6
Long term EURUSD             channel.
I know this looks like fanta-forex analysis, but if the account size allow you to have a 12000 pips stop loss and the risk is not more than 2%, this is a nice setup to play.
T1 is at 1,1800 area that can still be tested during the recovery of the down move from april 2014 to lows.
You will not be stressed playing this one, you can watch the status of the trade every 2/3 months... :)
stream
a year ago
I agree Buy now .. about forever .... At least to 1.175
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Moranda stream
a year ago
Hi Stream, yes 1,17/1,20 area could be in the way. Thank you!
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stream
a year ago
I agree preparing long .Thats ok. But after break at 1.175 there is a confirmation at 38% level .. .After that you are right .. I am long since yasterday .. Good luck
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Koui
a year ago
folks got a question,how possible is for the pair to reach from now on prices like 1.17/20 with draghi releasing more qe and fed hiking rates on december or march?
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Moranda Koui
a year ago
Dear Koui, I'm sorry but we do not execute any trade based on fundamental analysis or news. Thank you for the comment.
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Victor.Y.F Moranda
a year ago
Please let me add some fundamental changes here.
1. Inflation must be raised Draghi's words. By rising euro indirectly devaluates dollars for raising the inflation.
2. Every time fed rised rates there was a devaluation in several months. Could be a profits taking.
3. War against ISIS will benefit industry and consume.
Reply
Victor.Y.F
a year ago
Monthly target 1.2434 after that will be a devaluation yearly target 0.85 in 2020.
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