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TevinW

(BUY, 1HR) EURUSD Completion of M Pattern

Long
Euro / U.S. Dollar (FX:EURUSD)  
TevinW Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis EURUSD longsetup mpattern eurusdforecast eurusdlong riskreward
2
0
trendanalysis eurusd longsetup mpattern eurusdforecast eurusdlong riskreward
- completion of m pattern from the 12th OCT
- decrease in sell pressure heading into major support
- wait for reliable buy signal to trade to minor resistance as T1
- risk/reward: 1:2.35
Trade closed: target reached
Comment:
If price closes above the resistance line, take trade to 50 EMA.
Trade active:
To the 50 EMA - 1.14900 target 2
Trade closed: target reached
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