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DK_Investment
Aug 26, 2019 6:13 PM

EUR/USD - buy on 4H - TP 1.118 Long

Euro Fx/U.S. DollarFXCM

Description

market price is searching currently a bottom building area and is currently near first strong support area. Supports in this area are as follows:

-market price reached 61,8 fibonacci trend line and started retracement movement on 4H which is bullish indicator
-market price reached 50 day moving average which is support / buy area
-stochastic RSI baseline going to cross bullish which brings buyers into the market
-regular RSI reached first support area and could confirm up trend movement, expect again fast market price up movement if this happens

Trade active

bottom bulding in drawn area finished

Trade closed: stop reached

trailing stop reached at entry
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