The eurusd is in a buy position : we notice a breakout of the down trend witch got retested in the retest area forming the right shoulder of a reversal head and shoulders pattern, there was a breakout of the neckline of the head and shoulders and now retesting the broken neckline so it is the perfect time to buy .
bear in mind that the price might retest this area again so cut a part of your profit when the price reaches the previous resistance around 1.18
if you enter here keep your stoploss and do not move it to the entry point as the eur will be subject to high volume trading due to the coming Draghi's speech about the quantitative easing.
Trade safe and good luck
bear in mind that the price might retest this area again so cut a part of your profit when the price reaches the previous resistance around 1.18
if you enter here keep your stoploss and do not move it to the entry point as the eur will be subject to high volume trading due to the coming Draghi's speech about the quantitative easing.
Trade safe and good luck
Comment:
now at 1.1785 you better get your 2/3 profit and wait to the FED speech as probably the interest will make dollar strong for short time we'll get in the trade after that
Comment:
For anyone who followed the trading idea in the comment just before the FED rate hike, congrats !
Trade closed: target reached:
so we're defenetly out of this position as the price could not break the 1.1825 level as mentioned on the chart we got 90 pips from the first trade and now it hit the stop for the second trade