eurusd long

Last week I thought there was a chance to see this eurusd fall even deeper during this week. Today I see a reversal on the contrary. Maybe it is only temporary, but I see that everything is ready to go long.

Nice shark :-)

Trade active

Note

SL moved to 1.10150 (3 pips above entry) BE point (trade secured to zero loss)

Order cancelled

SL hit. +3pips
euro still weak and strong bearish tendance on the Daily and Weekly charts.

Note

I wait, suggesting the price may struggle here and fall to 1.10000
Maybe I will re-enter long if the price reaches there depending on the indications I will get.

Note

As long as the dotted line is not broken it can still turn out well for a long trade. But I want a double bottom before entering again. A push up here will probably remain limited because there are no immediate big expectations for the euro. Below the dotted line is another long trade out of the question for me and will just confirm the bears are stronger here.

Trade active

open 1,10180
target 1.1040

Note

SL set just below point X of the shark.

Trade closed manually

1.10227 Bored of trading this

Note

Everything was disappointing and yet I have just over 5pips. This is not bad.

Manu76

Related publications

analyse eurusd

by Manu76

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.