bbmilo23

bbmilo23

The euro has broke my resistance level that I had set on the hourly chart and it is making a nice upward trend. In order to give investors the best cost basis at this point I would wait for a retracement to get in and set a reasonable risk and reward target.

bbmilo23

It has been awhile, but I am back to post my next potential chart setup. There is a potential for the downtrend to continue with the euro (nickname fiber) if it closes on the daily chart below the drawn support line. The likelihood will also be based on trading during a time that I don't usually trade, which is during various fundamental announcements, since it is...

bbmilo23 Updated 

The market is trending up for the Euro ("fiber") on the 4h, but I also check on higher time frames, which show some confluence in the sentiment. I do think an entry around 1.0812-1.0819 would be advantageous. I didn't put a risk reward graph, so here is an idea for any trader/investor to pick up and run with . Enjoy and we will be back to see it's progress

bbmilo23

The chart is based of a 1hr chart. The most current trend was broken through to the downside and the potential for a correction or retracement finished with a lower high. The dna of a downside trend is lower high, so there is a good chance this can continue if price action continues through the support(blue). We shall see, so enjoy. Always remember to use risk...

bbmilo23

I found another retracement setup, so I got in and it looks like a good risk reward of 2:1. I am risking 20 pips in a stop loss for a profit target of 40 pips. Let's check it out .

bbmilo23 Updated 

Price Action for the current state of the EURUSD suggest that long ideas are the most ideal for traders and investors. The currency market doesn't open until about 5-6pm est in the US, but this setup was established on friday before close of the markets. I will start to make these ideas as current as when I get into the trades from now on, but understand that if...