Hey, I am back with another Forex idea, this time looking at EUR/USD.
EUR/USD is trading in range from 1.17500 to 1.8700 for over a month and since we have daily EMA's (20,50) uptrend and 4H EMA's (200,50) uptrend, the most logic thing to do is to Long the bottom!
TP1 is slightly below 1.8100.
I am buying this current dip with a small stop loss.
Good luck with this trade!
Tibor
EUR/USD is trading in range from 1.17500 to 1.8700 for over a month and since we have daily EMA's (20,50) uptrend and 4H EMA's (200,50) uptrend, the most logic thing to do is to Long the bottom!
TP1 is slightly below 1.8100.
I am buying this current dip with a small stop loss.
Good luck with this trade!
Tibor
Note
DXY on a 5 min chart in rising wedge, this is very important and valuable information as the EXY and EURUSD are at the bottom of the range. Note
Still waiting for a buy signal... Note
15min chart, Confirmation was given when the price broke from the downtrend line, performed a double bottom but that still wasn't enough, I set a buy at break of 1.17500, currently we are 17 pips up, 40 to go.Note
5 min bullish flag contiunations Trade active
Entry at 1.17500Trade closed: stop reached
I got out at almost breakeven, my stop loss was set to 1.17488, so -1.2 pips in total + spread.
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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.