Abu-Sushi

EURUSD long idea with good R:R

Long
FX:EURUSD   Euro / U.S. Dollar
431 views
8
Hello everyone this is my idea for EURO /DOLLAR on 1 hour time frame ..

Black line broken resistance became strong support we saw a nice rejection from black line
also green line is acting as strong support meaning no 1 hour candle close below ..

We remain buyers from green line or now to target red line above and zone above ... if price close 1 hour candle above red line thats a good sign for our second target
if we saw rejection from red line things can turn bearish ..

Our stop loss is 1 hour candle close below green line ..

for any question feel free to ask :) and good luck

Note : RSI indicator can give us a good hint .. price have a clear breakout above black line which is good support for our idea as long price remain above black line in the RSI indicator
Comment: I want to see the black line break if 1 hour candle close below green line .. then i will decide to close my trade ..
we could still bounce from black line ..

We try to be patient ..
Comment: Price closed below green line
which is not good for me however i won't close the trade yet I wanna see the black line
get breached we could have a bounce ..

good luck people
Comment: Price is having a little bounce from black line
things looking better .. I keep my trade open
Trade closed: stop reached: Sadly we got stopped
We will try to monitor for good entry for short or long
It was good R:R trade
Idea is we always try to find good entries and exist

Comments

Great analysis!!
Reply
Abu-Sushi tradingwithbella
@tradingwithbella, thank you and good luck dear
Reply
nice analysis
Reply
Abu-Sushi Vicious_1m
@Vicious_1m, thank you :) and good luck buddy
+1 Reply
Vicious_1m Abu-Sushi
@Abu-Sushi, you too
Reply
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