EUR/USD retested 1.100 liquidity area, now with the possibility of creating a fake break.
We now expect a pullback for the dollar and a push to the upside of the EUR/USD pair. Even though our view on this pair is bullish, we want to see at least a retest of the 200 MA.
We will long now the pair with the target of 100 pips, price 1.110.
The conservative way of joining this trade is waiting for a break to the upside and on the retest of 1.10 longing the pair. The pattern should be a reversed head and shoulders.
The target price is 1.110.
Traders, if you take the trade do not forget to follow the idea in order to get the updates. We are open to your feedback about our delivery of the information. Let me know what you think in the comments.
We now expect a pullback for the dollar and a push to the upside of the EUR/USD pair. Even though our view on this pair is bullish, we want to see at least a retest of the 200 MA.
We will long now the pair with the target of 100 pips, price 1.110.
The conservative way of joining this trade is waiting for a break to the upside and on the retest of 1.10 longing the pair. The pattern should be a reversed head and shoulders.
The target price is 1.110.
Traders, if you take the trade do not forget to follow the idea in order to get the updates. We are open to your feedback about our delivery of the information. Let me know what you think in the comments.
Comment:
Price reached monthly support zone, now a retest of our entry is highly probable. We are still holding our longs and will monitor price action on the 1.10 level.
Trade closed manually:
Close now, 50 pips profit