Entry @ 1.2255 below support TP at 50 sma Watch Macd Blue line cross below Red line
Price crossed 50 sma to 100 sma long. Entry was taken from a 15m resistance breakout long. TP is the 100 sma. Macd is heading towards the 0 level line with momentum because the space between the lines is widening.
Trade 1 Enter above 50 sma TP at 100 sma Trade 2 Enter above 100 sma TP top of range box @ 394.26 Watch Macd Blue line to cross above 0 level line and stay above it
There maybe a possible range top breakout failure happening. If so I have a sell stop @ .8045 with a TP at the 50 sma. If a bearish continuation trend progresses price will brak below the 100 sma. I have another sell stop @ .7940 with the TP at the bottom of the range box @ .7805. Watch for the Macd Blue line to cross below the Red line and the 0 level line.
The longer the EUR hangs around the 50 sma the more likely it will be heading toward the 100 sma. So I have these sell stops already in place 1.1910. 1.1875, 1.1857. You can take a 30 pip TP on each or wait until they reach the 100 sma. SL above 1.1960. If the market continues to rise then I have on a second account a buy stop @ 1.2005. TP 30 pips.