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thxndi

EURUSD - Long positions coming into play

Long
Euro / U.S. Dollar (FX_IDC:EURUSD)  
thxndi Updated   
FX_IDC:EURUSD   Euro / U.S. Dollar
Trend Analysis Fibonacci Trend Lines euro EURUSD eurusdlong Fibonacci Retracement LONG longsetup Bullish Patterns nfp
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trendanalysis fibonacci trendline euro eurusd eurusdlong fibonacciretracement long longsetup bullish nfp
Longing EURUSD based on a fib pullback to 618 level. Looking at long positions, with entry at 1.18200 till 1.22500. Will be analysing price action before any entries.

Expecting this trade to go up to 1.414 fib extension which will allow us to bag a nice 430 pips +

Happy Trading.
Trade active:
Trade active from watching price action. Came very close to the entry at 1.18200.
Comment:
Having watched the action from NFP on Friday and its affect on the DXY Index, I do not believe this trade will head up to the fib extensions mentioned above. This trade could possibly retrace to 1.19500 and collapse. The candlesticks from a weekly and daily are showing bearish momentum.
Trade closed: target reached:
Closing trade, as I don't believe there is much upside momentum for the EURUSD. Will be looking for shorting positions soon.
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