MDrury

Price Action Trader: Potential EURUSD Long Trades

Long
MDrury Updated   
FX:EURUSD   Euro / U.S. Dollar

Just performed some technical analysis on this currency pair, and it's signaling potential long trades on the shorter timeframes. Noticed a gorgeous spinning top candle alongside RSI being oversold and showing divergence, suggesting a promising entry point based on price action. After checking the daily chart, I zoomed in on the hourly and entered a couple of long trades during the pullbacks.

Despite some suggestions to go short, I'm inclined to believe those might be smaller trades and go against the prevailing trend. Staying confident in the long positions! Exciting times ahead!
Trade active:
Continuing riding the wave. I have opened my forth lot after this weeks pull back. All SL moved up to lock in profits
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.