Possible buy for EURUSD
- Recently hit long term support trend line (long bias)
- Moving within parallel trend line channel and hit support zone (long bias)
- Bounced support trend line at least 3 times (validates long bias)
- Also hit local horizontal support zone (long bias)
- Price also moving slowly above both 200 EMA and 50 EMA (long bias)
Stop loss set at...
Depending on what happens during the Asian session overnight, we could see a potential buy during that London opening session @8am. Keep your eyes peeled on this one. Either way, there could also be a strong breakout to the downside at the London opening session. Keen a close eye on those candlesticks between 7:30am-7:50am.
Forecast for my 15min TF strategy.
Very bearish on the daily TF but gaining strong momentum on the 4 hour and hourly TF
Will be waiting to see how price reacts around the current level, but with the US/China trade war seeming to have positive talks, could see some dollar strength and push the EURO lower
Any questions feel free to ask, by dropping a comment or...
My friends mum wants me to show her a big candle, i told her i made lots of money from a massive drop in the market... now she wants to see this big candle... Or could she possibly be talking about something else? ;p i will let you know how it goes.
Price has been in a big downtrend and if you need me to explain why then you shouldn't be trading, We can also see...
Price has been acting within a parallel trend line channel and has recently hit the resistance line of this. Price has also reached a strong horizontal resistance zone and has bounced off which gives a us a short term long bias. Trade has been input with a Stop Loss of 40 pips and a Take Profit of 110 pips. FX:EURUSD