Reasons for
-After huge move and break out of box range a week ago price has risen and become very bullish
-Therefore i believe it will continue to rise till 1.15000
-To confirm is bullish strength it has made higher highs
-And higher lows
-Creating a structure
-Also on the four hour we can see a long bearish wick to a downside which shows more buyers then sellers
-Then the next candle after that is a strong bullish candle to confirm the bullish momentum
-We also broke our key level to the upside 1.1000 so it adds to the bullish setup
If we go to the daily
We are clearly making higher highs and long term is very bullish after we broke the key level
alot of people have anticipated 1.11500 for a long time and now the dollar is weak this would be the perfect time
altho im already long from 2Pm for a news setup i had and currently in nice profit id advise people to go long now as it would be the perfect time
Trade safe only risk 1-3% per trade :)
-After huge move and break out of box range a week ago price has risen and become very bullish
-Therefore i believe it will continue to rise till 1.15000
-To confirm is bullish strength it has made higher highs
-And higher lows
-Creating a structure
-Also on the four hour we can see a long bearish wick to a downside which shows more buyers then sellers
-Then the next candle after that is a strong bullish candle to confirm the bullish momentum
-We also broke our key level to the upside 1.1000 so it adds to the bullish setup
If we go to the daily
We are clearly making higher highs and long term is very bullish after we broke the key level
alot of people have anticipated 1.11500 for a long time and now the dollar is weak this would be the perfect time
altho im already long from 2Pm for a news setup i had and currently in nice profit id advise people to go long now as it would be the perfect time
Trade safe only risk 1-3% per trade :)
Trade fermée manuellement:
This trade was closed early before news On friday
with a gain of 70 pips
with a gain of 70 pips
