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zuoertai
Nov 27, 2018 12:38 AM

[EURUSD, 27/11/2018] Double bottom is potentially forming.  

Euro Fx/U.S. DollarFXCM

Description

As the chart shows, a double bottom formation is potentially forming, especially EUR is going to pull back during the day.

1. Risk-takers may enter long position now and take profit at 1.13770
2. Safe traders shall wait until the formation is finished and then look for clear breakout signal to go long. Take profit at 1.14190.
3. Keep an eye on any news including Italy budget issue and Russia-Ukraine confrontation.
Comments
n4nd14hm
Waiting...any pivot point?or start buy or waiting break lines?
zuoertai
@n4nd14hm, you can buy now if you are willing to take risk. Wait for confirmed breach is still the safest
n4nd14hm
@zuoertai, well noted...thanks
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