Suly

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About me Support and Resistance, Candlestick Patterns and Reversal Patterns. :) :)
Joined Puerto Rico
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 100% | 2
Suly Suly EURUSD, 15, Long ,
EURUSD: Eurusd Long 15minute to 1 hour chart
62 0 0
EURUSD, 15 Long
Eurusd Long 15minute to 1 hour chart

Eur hit major support level at 1.2250. We could have entered at the touch, with a stop loss of 10-15 pips or we could have waited for a 15 minute candle to close above previous resistance, as it did. Now we are in a long trade. Stop Loss could be between 1.2265-1.2245. The strategy is to let the trade develop with the following exit strategies: 1) Take profits ...

Suly Suly EURUSD, 60, Short ,
EURUSD: Trading Support and Resistance
36 0 0
EURUSD, 60 Short
Trading Support and Resistance

Price touched resistance at 1.2575. One can sell at that level with 10-15 pips stop loss or wait for confirmation. Confirmation would be a candle closing below 1.2480 with a stop loss at 1.2500 or a little more. First target at 1.2362, previous support. If a candle close below the first target let it run until the next target at 1.2250, major support.

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