ChinSengFx

EURUSD LONG SETUP!! (H4 TIMEFRAME) GOOD RISK REWARD RATIO

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
Good day traders! Welcome to another session of technical analysis . I would like to thank you for supporting me along the journey. Feel free to leave me a question, it would help a lot for further improvement!

EURUSD, price has break below EMA55 as well as the support region. We will be looking for a potential entry to long at 1.11750, as it is a strong support region (based on daily and H4 timeframe). If a bullish reversal candlestick formed at the circled area, price would be push back to 1.1280.

Entry price: 1.11750 (Buy Limit)
SL: 1.1157
TP: 1.1275

Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.

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