JoshKou

EURUSD In channel trade, Long for 1-2 days duration

Long
JoshKou Mis à jour   
FX:EURUSD   Euro / Dollar Américain
EURUSD is currently in a longer timeframe channel looking for a reversal bounce up.
Based on micro-support lines and cross-analysis, my bias is for a long trade on EURUSD for the next 2 days. The trade will last over the weekend and close Monday night preferably.
Cut losses at the support from the latest low, marked as the horizontal green line at 1.11689 or 1.11629
Take profits at a new or old resistance; look for any bounces back down from any lines or crosses.
Transaction en cours:
Support broken but it was only a fakeout. Bounce up still occurred near the end of trading week. Stop-loss was not broken, Position remains open.
Transaction en cours
Commentaire:
Dependent on your risk tolerance, you may have exited the trade now. I keep it open.
Commentaire:
Market is at current bottoms right now. Enter at will.
Commentaire:
I am adding position b/c a weekly triple bottom pattern that has not been broken. If the 1.11628 is broken as far as 1.11567, we should short.
Clause de non-responsabilité

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