Long trades for EURUSD

I wrote about 2 possible Entry Levels, if price would bounce from Moving Averages. Now we have a BUY signal. Price reversed from MA20 and RSI with MACD (H) confirmed the reversal. DMI shows the up trend, the same goes about 3 Moving Averages. The Entry Level 1.1390, Stop Level 1.1230 and Take Profit 1.1495. The Risk/Reward Ration is only 0.71, because we have strong reversal level 1.1500, but if price breaks this resistence, the second profit target could be 1.1600-1.1650. Also we could search for better Entry Levels on hourly charts with less Stop Loss size and the same Profit Levels.

Trade closed: stop reached