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tonz_of_gunz
Aug 31, 2016 3:25 PM

EURUSD LONG TRADE IDEA ON H1 Long

Euro Fx/U.S. DollarFXCM

Description

Looking for a long trade on this pair, we have divergence that tells us that bears are getting weaker.Potential profit targets are 1.12 and 1.1250

Comment

First target 1.12 hit, should continue up until tomorrow NFP.

Trade closed: target reached

Comments
Staxs
Nice result with NFP topping it off. Not tempted to hold for longer?
tonz_of_gunz
I have my targets before i enter a trade, if it goes a lot more up ill consider entering another trade.
Staxs
Good call, being disciplined. Stick to your trade plan
NT95
what do you expect from tomorrow NFP?
tonz_of_gunz
I dont know man, i hope is a gonna be a bad one for dollar but is only hope:).
ruthrajamanie
bit of a consolidation above the channel. I'm also in. what is your SL on this?
tonz_of_gunz
I didnt take the trade, because the breakout was weak. Maybe it will come to 1.1110 before going higher dont know., i am watching it.
ruthrajamanie
yeah agree. i don't feel right either
TraderChris01
Thanks for the chart looks really good! Would you recommend entering when the 1 hour bar closes beyond the trend line or would you wait for Price to PB to the trend line after the close? Many thanks for any advice!!
tonz_of_gunz
A candle close outside channel will be fine for me in this situation but i would probably risk less on this trade because it can still go to to 1.1110 area where we have a key support and 0.618.
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