Buy EURUSD as follows:
A) 1st target 1.1830 SL 1.1390
B) Open the counter-position above 1.18 with target 1.1630
C) Buy again on pullback to 0.382 Fibo level (~1.1590-1.1620) with target 2 = 1.2150
Good luck
BTW upper (red) trend line should be drawn a bit lower on my chart - not a big deal
A) 1st target 1.1830 SL 1.1390
B) Open the counter-position above 1.18 with target 1.1630
C) Buy again on pullback to 0.382 Fibo level (~1.1590-1.1620) with target 2 = 1.2150
Good luck
BTW upper (red) trend line should be drawn a bit lower on my chart - not a big deal
Trade closed: stop reached:
SL was hit after US and EU news release. It was quite fast, but we're back above 1.14 at the moment thus my long term analysis remains valid so far. I've broken one of my rules: do not trade at the end of the year.
Good luck and Happy New Year...
Good luck and Happy New Year...
Comment:
It's August 2019. E/U is still inside the channel, all the time near the bottom trend line. Simply incredible for a pair with such volume and volatility. I wonder how it ends...