SighTTrader
Long

Long EURUSD on Bounce of Falling Wedge Top TL

FX:EURUSD   Euro Fx/U.S. Dollar
262 6 7
Iit appears EURUSD             has broken its downtrend and now the wait for confirmation begins. A lot of support at these levels along with the Yearly pivot that would suggest a reversal however with NFP news coming its best to wait for confirmation. Will look to long on bounce of top TL of falling wedge.
kieranc14
3 months ago
can you notify me when you think the bounce is happening and its a good time to buy?
+1 Reply
SighTTrader kieranc14
3 months ago
im already in, entered on the break of 1.11500, i buy pre-reversal that way my SL is small compared to after confirmation but that's just my style
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kieranc14 SighTTrader
3 months ago
alright im gonna buy right now at 1.1158
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kieranc14 kieranc14
3 months ago
what do you have set as your take profit or are you just going to wait til you see the uptrend clearly starting to reverse and then sell?
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SighTTrader kieranc14
3 months ago
If it completely confirms reversal i plan on holding it till it hits an area of resistance then look for a bearish intraday pattern to exit. I basically follow this chart as i trade and use a smaller TF to enter and exit when price reaches an area of S/R. The goal is to take the trade as far as patterns and trends can take me.
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SighTTrader kieranc14
3 months ago
i am expecting a pullback though so dont be surprised if you see one.
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