EURUSD BULLISH - DAILY TIMEFRAME
Below are my reasons for setting EURUSD on a long trade
1. FROM THE INDICATOR+CHART ANALYSIS, I CAN
SEE A BULLISH DIVERGENCE THERE, WHICH IS
POINTING TO BULLISH RUN FROM EURUSD SOON
2. DYNAMIC SUPPORT AND RESISTANCE (EMAs)
WE CAN SEE THE 10-PERIOD (BLACK COLOUR)
BECOMING DYNAMIC SUPPORT, AND ALSO THE
PRICE IS MOVING CLOSER TO 20-PERIOD (BLUE COLOUR)
WHICH WILL TURN THE 20-PERIOD INTO DYNAMIC
SUPPORT AS WELL WHICH ALL MEANS UPTREND
TRADE SETUP
TRADE TYPE: SWING TRADE
CALL: LONG
ENTRY: STILL GOOD TO ENTER NOW
T.P: 1.19430 (NEAR-RESISTANCE)
S.P: 1.17520
PIPS IN T.PROFIT: 1360 PIPS (FROM 1.18070 AS ENTRY PRICE)
PIPS IN S.LOSS: 550 PIPS (FROM 1.18070 AS ENTRY PRICE)
RISK-REWARD-RATIO: 1:2.5
Below are my reasons for setting EURUSD on a long trade
1. FROM THE INDICATOR+CHART ANALYSIS, I CAN
SEE A BULLISH DIVERGENCE THERE, WHICH IS
POINTING TO BULLISH RUN FROM EURUSD SOON
2. DYNAMIC SUPPORT AND RESISTANCE (EMAs)
WE CAN SEE THE 10-PERIOD (BLACK COLOUR)
BECOMING DYNAMIC SUPPORT, AND ALSO THE
PRICE IS MOVING CLOSER TO 20-PERIOD (BLUE COLOUR)
WHICH WILL TURN THE 20-PERIOD INTO DYNAMIC
SUPPORT AS WELL WHICH ALL MEANS UPTREND
TRADE SETUP
TRADE TYPE: SWING TRADE
CALL: LONG
ENTRY: STILL GOOD TO ENTER NOW
T.P: 1.19430 (NEAR-RESISTANCE)
S.P: 1.17520
PIPS IN T.PROFIT: 1360 PIPS (FROM 1.18070 AS ENTRY PRICE)
PIPS IN S.LOSS: 550 PIPS (FROM 1.18070 AS ENTRY PRICE)
RISK-REWARD-RATIO: 1:2.5