KJB_05
Long

EUR/USD LONG

FX:EURUSD   Euro / U.S. Dollar
-Looking for the 3rd touch of the ascending trendline
-hopeful for a 50 EMA line up @ 50% FIB to act as dynamic support at a level of relevant structure
-Monitoring 38.2% as a possible level to also go long.

Be cautious of a possible double top formation.

Opinions would be appreciated!!

Comments

Nice clean analysis, however I would be cautious of trading in the middle of the range.

If you're a Euro bull / Dollar bear then you could consider going long on a break and retest of the range high, or a retest of the range low.

Good luck!
+1 Reply
KJB_05 Mase_00_7
@Mase_00_7, Thanks for the input!
Reply
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