CBreezy
Long

EURUSD LOOKING LONG

FX:EURUSD   Euro Fx/U.S. Dollar
166 2 5
Looking at the 4hr time frame you can see a trend here. We are currently testing the most recent low with a pretty big divergence on the rsi and close to support on the trend line. I will be watching and looking for a long setup on the 1 hr             chart. This is the first time we have seen this kind of setup in a long time while it has been in this channel. If this trendline happens to hold and it starts running I will eye the approach to 1.15 pending the action near that level, divergences, speed, etc, I would either be looking to take off some of the position and let some run for a possible breakout, or take off all of the position. I would and always exit if I see action that denotes not reaching that high as well.
CBreezy PRO
6 months ago
it did dip below that trendine but this morning the 1hr chart was having higher lows with and respecting the line again, I entered my long position at 1.1133
Reply
CBreezy PRO
6 months ago
well comfortably in the green here now with this trade, started a bit sketchy but stuck to the plan, had a stop under the prior swing low over the night last night. Also as per plan looking to hold this for a bit until action tells me otherwise. In a perfect world would like to see a retest of the top of this channel.
Reply
Ideas Scripts Chart
United States
United Kingdom