Possible impulse to the upside EURUSD

1 août 2016

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1 août 2016

Note

If the price breaks below 1.1150 the trading idea must be reevaluated because the most inmmediate downtrend must be redrawn ... lets see how it goes

2 août 2016

Transaction en cours

2 août 2016

Note

The risk is below the Last Swing Low

2 août 2016

Note

2 août 2016

Note

At this point one could expect two things:

1 ) A possible movement around the upper limit of the trend channel area, place that also concur with a more consolidated down trend line of a higher time frame (look at the daily)

2) If the price fails to find followers to the upside, a break of the up trend line (Lower limit of the uptrend channel) could show a signal of weakness an the long position must be evaluated closely

2 août 2016

Note

Taking partial profits