DLavrov
Long

Entry levels for EURUSD

FX:EURUSD   Euro / U.S. Dollar
145 0 12
Some days ago I wrote my view for opening short trades. You will find the link to this idea with explanation below. But today, I would like to share with you some thoughts about long positions. If you look at the daily chart , you will see that the pair forms the up trend and for us opening long positions in the beginning of new trend could be very profitable. The several candles with small bodies show that bulls and bears don't know exactly where to go and the market is in consolidation now. We know the entry level for short trades. But what about the long trades if the bulls will win and push the market higher? There are 2 possible entry levels - MA20 and MA50. If someone asks, why these levels, please note, MA is a good support line and very often the price reverses in the direction to the main trend on this line. When price touches one of this line and reverses, we'll need to get confirmation from MACD which has to start rising. DMI confirms long trades and ADX shows that the market is in the trend. Weekly chart also confirms that buying could be profitable. This idea is based on my trading system. Good luck in your trading and be green )
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