EURUSD price action might sketch a rectangle 18-22May2020

FX:EURUSD   Euro / U.S. Dollar
Though we are still in the weekly downtrend channel , the price could move in euro's favor now that it tries to bounce off from a rather strong support area . The chart clearly outlines our resistance lines due to lessening volatility in the market and feels somewhat predictable. Trading will most likely be influenced by MA lines (50/100) and harmonic patterns on lower TFs (15m/1h).

Entry for longs: 1.0800 - 1.0840
TP1: 1.0850
TP2: 1.0890
TP3: 1.0985
SL: 1.0772
Comment: Please support me with your thumbs up and comments.
Trade active: TP1 and TP2 achieved. :)
Trade active: TP3 was almost hit today (16 pips away). There is a shooting star on the 4h chart, and some might have switched sides.
Trade active: We witnessed a close retest of yesterday's high.
Trade closed: target reached: TP3 was reached today.


this is what I want to see on eurusd
+1 Reply
RCtrader2 transparent-fx
@transparent-fx, Yes, I watched the video and liked it very much. I'd rather have it go upwards.
Great . you have been out for long.. glad you are back.

I had the same idea but only up to TP1.

Thanks for sharing
+1 Reply
RCtrader2 mike_fx
@mike_fx, Thanks Mike. The market was too volatile and unpredictable for my taste. I am glad to be back.
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