Rayyan_2805
Long

Possible Start of a Big EURUSD Move to The Upside

FX:EURUSD   Euro / U.S. Dollar
Possible buy position for EURUSD . This one is purely price action analysis with no indicators. Price previously broke out of my parallel trend line channel to the downside but I believe this was a false break out and price has hit the trend line support which is moving upwards. Price has also recently bounced off of a local horizontal support zone which leads to a long bias. I have placed a stop loss of 60 pips which is just below the point of invalidation for the trade and a take profit of around 180 pips which makes for a good RISK:REWARD ratio. Keep an eye out for updates. FX:EURUSD
Trade closed manually: I didn't like the way this was moving, and was not too sure about my idea of going up, so I closed the trade in profit.
Comment: TURNS OUT I WAS RIGHT
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out