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Tradingsniper
Jun 17, 2018 9:19 AM

Poss Good Buy on EU Next week  Long

Euro Fx/U.S. DollarFXCM

Description

Lets see how the Tariff fallout is but poss a god buy opportunity on EU
Comments
JonFibonacci
Nice flop
UnknownUnicorn493766
This was the first idea of yours i had a look at. Looking at the other ideas, i see your strategy now. So i the idea on the above we would want to see MACD fall slightly more to confirm the entry LONG ?
Interesting ideas i will back test this out of curiosity, Thanks for posting.
UnknownUnicorn493766
on the weekly chart as well, good work. I think i hold a support/resistance line below the double bottom on screen there as well. An extra factor to support a move higher.
I also liked the low tests we are seeing there, sellers tried to push price lower but have failed to do so. Maybe a small pop higher with a shoulder forming, then a retest of the Trend line, might break price. But thats going to take time to set up. Even then we would want a break and re test of the trend line to act as new resistance. Watch your 50 EMA as well...
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