EURUSD Potential Long *READ* Rules for entry Below

FX:EURUSD   Euro / U.S. Dollar
406 9 9
With the EURUSD             bullish momentum halted and the 1.11800 level holding as a shelf of support the market is telling us that it might want to move a bit higher. If some more bullish momentum comes into the market it might be advantages to get long on the EURUSD             .

Please note the following rules below for entry:
  • The 1.11800 level remaining as support
  • Enter on bullish momentum
  • Watch for resistance at around 1.12290 and 1.12460.
  • Profit whatever you can get, but the two levels of resistance mentioned above could be good targets
  • Stops at around 1.11300

This trade will lose its potential if first rule becomes no longer applicable. For example if the 1.11800 level fails to hold as support and the market gains enough bearish momentum to break down.

You will find that my style of trading often holds a greater risk than reward, however the potential of price action moving in the favor of my position where profit can be liquidated and banked before price action moves against me is very high when the rules are followed.

If you find yourself liking my style of trading please feel free to follow me as I will post potential trades like this rather frequently.
1.118 is being pushed to the limits currently, what do you think, are we still good to go long :-) today might show the path.
not looking good mate, has dropped below the green marker, is the support at 1.11335 ? I am actually expecting a rise as per graph any moment now... fingers crossed.
DownUnder DownUnder
its do or die now, within next hour or so we could see the rocket up or down
FeroxWealth DownUnder
As per the trading rules this trade would have been rendered invalid. However, I went long on the bullish momentum that occurred last night.
DownUnder FeroxWealth
looking damn good now
FeroxWealth DownUnder
See stops below swing low was the price we were willing to pay for getting long. Based on the current momentum the odds were in our favor. Of course the huge burst was from this morning's data and nfp, but regardless there were signs prior to the data release that price action wanted to move higher.
DownUnder FeroxWealth
Where to from here, get off & wait for the drop over weekend?
FeroxWealth DownUnder
I only picked up about 30 pips as I had take profits set since I was not behind the screen when data came out. If your up about 100 pips or more I would be laughing to the bank if I were you lol. Book your profits and enjoy your weekend for sure.
DownUnder FeroxWealth
Im a weeekly trader using the bank with cash, so I dont get that leverage and risk that normal traders get. win a little with minimal risk :). cheers.
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