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EURUSD: Waiting for the 1.1340 breakout to enter long

Long
Euro / U.S. Dollar (FX:EURUSD)  
Chartist-Trading Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns EURUSD bottom Parallel Channel analysis tradingidea
3
0
trendanalysis chartpattern eurusd bottom parallelchannel analysis tradingidea
EURUSD has already tested the bottom of the daily channel that you can see in the chart below showing the initial signs of reversal and now the top of the hourly channel at the 1.1335-40 area is going to be tested. We have already bought small positions in order to test our upside scenario and we are going to add more with an hourly break of the 1.1340. We will set the stops below the candle that will lead to the breakout targeting initially 1.1380-85.

snapshot
Comment:
Our entry order is triggered. We set our stops below 1.1310 and our initial target at 1.1380-85
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