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roymwikyalena
Jun 21, 2022 3:45 PM

EURUSD Pair Strong Uptrend BUY BUY Long

Euro Fx/U.S. DollarFXCM

Description

So my analysis for the EURUSD pair is that it will rise. To begin with the EURUSD pair just crossed the 50 EMA as shown above, what perhaps isn't shown is that it rose until it hit the Point of Control of the Session Volume Profile and consolidated for awhile as the bulls and bears battled for control. The price is moving up past the consolidation zone and my advice is to enter long when the price breaks past the consolidation zone and hits the 1.05690 mark that will be the entry then target 30 pips or more.For money management I suggest a 15 pips stop loss though I doubt it will be useful, instead use a trailing stop loss to make sure you milk the whole move to the top. Good luck in your trading like, subscribe and comment if it helps you win.
Comments
alimahdie
It first hunts down the buyer's stop loss and then moves on.1.05443
roymwikyalena
@alimahdie, Yeah that is why I put the entry above the consolidation zone so that people can join the move when it is safe
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