Jai30
Long

EUR USD Long Possibility

FX:EURUSD   Euro / U.S. Dollar
Looking at EURUSD it seems the pair is heading to test the ascending support at around 1.13130 level. However below this the pair has touched the 1.12800 level in the past and we do have the psychological level of 1.13000.

A top down perspective on this, the pair has fallen from the weekly resistance of 1.14700 and is currently looking to test the ascending support at the 1.13130 level as mentioned. Therefore I will be awaiting bullish rejection and confluence from the levels mentioned above before taking a long position to a target of 1.13700 and I believe there could be further upside potential after this level too. Bullish reversal and entry price action I will be looking for on the 4H, 1H and 30M. Lets see how this plays out…
Comment: As described above, I was expecting this pair to fall to around the 1.12800 level and seems to be forming a morning star formation at the level of 1.12700. This pair hs been tested as support in the past and held firm. Trade entered at 1.12784 with a 20 pip SL. Expecting a strong bullish move on this.
Trade active: SL was hit. Price fell to around my SL to the pip. I then waited for a 4H closure of 10:00 and it was a strong bullish engulfing candle stick and re-entered the trade at 1.12740 and entered again bullish with a 22 pip SL. Trade ongoing.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out