TheBulltrader

EU Long Setup- Nuetral/Long/Short Continuation

FX:EURUSD   Euro Fx/U.S. Dollar
165 1 1
As a trader, I am a big fan of double tops and double bottoms. I feel its always worth the risk because of the great risk reward ratio. I have posted two buying options. The first one is an aggressive approach in getting into the market with a decent size stop-loss. The second buying option is to try to get a better price and to reduce your risk and to increase the reward. For now, I am bearish biased and neutral as I do not want to place any trades at this time. If 1.046 breaks, I'd continue to short the Euro             .
Update: eurusd struggled at the 1.06 resistance and looks for a little more to the downside. Time to look for signals on the larger timeframes.
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