Roker1

Buy signal on EURUSD

Long
FX:EURUSD   Euro / U.S. Dollar
Hey guys,
long story short, i'm going to buy the euro if the actual candle will close engulfing . Price is up against a former daily structure level and the Rsi is showing us an oversold condition, right at the 618 fibonacci level.
Stops below the lows, target1 at roughly 1,25:1 RR, target2 at the retest of the highs.
I'll keep you updated.

If you have any question, feel free to ask beneath.
Otherwise, see you in the next chart!
Trade active: Let's see
Trade closed: stop reached: Unofortunately price just touched my stop loss and then reversed to what would have been target1. It happens! But never lose confidence in your strategy.
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

Nice clear chart. I like you reasoning a lot, let's see what happens. Good luck! Keep up the good work.
+1 Reply
Roker1 tommyjones91
Hey @tommyjones91, really appreciate your comment!
Reply
I'm in a sell on hebdo starting yesterday. I think will touch parity on the presidential campaign on France. What do you think?
Reply
SrKeelKnightly SrKeelKnightly
@SrKeelKnightly, Sorry that is for the EUR/USD pair😶
Reply
Roker1 SrKeelKnightly
Hey @SrKeelKnightly, sorry but i do not pay much attention on the economic news, since during my backtesting i was paying attention only to price action and i'm not so trained on fundamentals. I love pure technical analysis. Good luck for your trade!
Reply
@Roker1,Thank you Sir. My decision, also takes in consideration a technical analysis based on the price action (naked trader inspired), on the weekly frame. Good luck to your traded Sir !
+1 Reply
Glendoonie SrKeelKnightly
@SrKeelKnightly, My weekly chart shows an all time low in September 1999! The next low point on the lower trend line is Feb 2017. Isn't Sept 1991 too long ago to be valid point on a trend line? I have no idea.

I am starting a buy trade POE 1.05339; SL 1.03247 ( that would be an all time low); TP1 1.07075 ( some past resistance here in Nov 2016, Jan 2017 to name only two areas.
+1 Reply
@Roker1, :-)
Reply
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