hpis44

EURUSD H4 long setup for medium term positions

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD seemes moving rather to the upside in a very wide trading channel. Moves are sometimes directionless, but starts building a clear uptrend. With that in mind I place two pending orders @ 1.1220 with a 50 pips SL of 1.1175 aiming distant targets as shown on the chart. If the trade would be a looser I would definately buy it again wherever it touches the support trendline of the channel.
Halfway the 1st target level, both positions stop loss will be moved to B/E. Good luck !
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