Rayyan_2805

Possible Buy Set-up for EURUSD

Long
FX:EURUSD   Euro / U.S. Dollar
Possible buy for EURUSD

- Recently hit long term support trend line (long bias)
- Moving within parallel trend line channel and hit support zone (long bias)
- Bounced support trend line at least 3 times (validates long bias)
- Also hit local horizontal support zone (long bias)
- Price also moving slowly above both 200 EMA and 50 EMA (long bias)

Stop loss set at 20 pips and Take profit set at 100 pips.