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Euro / U.S. Dollar
Long
Updated

EURUSD Potenital Long Setup

475
EURUSD is seemingly in an attractive spot for continuation players. There's a bullish harmonic pattern noticeable on 240 chart. It went through 61.80% pullback on its bullish swing after hitting the 150 day EMA and is now above 38.20% point of the pullback leg. Increased odds that this pair will try to climb towards the 61.80% point of the pullback leg, perhaps test the gap area around 1.1725. Short risk on EURUSD is the preferred choice at this point. Wider stops beneath the recent low of 1.1480, tighter stops beneath 1.1530 and 1R-2R targets ahead.
Note
Limit buy order 1.1545 stop 1.1510 and 1R-2R targets
Trade active
Limit order filled
Note
5M chart snapshot Potential nested wedge bottom. Closing below the low of the third bearish push is a bad sign for bulls.
Note
EURUSD 30M snapshot 1R target reached +35 pips, bullish continuation likely.
Trade closed: target reached
2R target +70 pips snapshot
Zoen_Trieste
150daysmaAndrew's PitchforkChart PatternsEURUSDHarmonic PatternspullbackbuySchiff PitchforkTrend Analysis

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.
150daysmaAndrew's PitchforkChart PatternsEURUSDHarmonic PatternspullbackbuySchiff PitchforkTrend Analysis
Zoen_Trieste

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.