Long EURUSD
I will be longing EURUSD for the following reasons.
1)It broke resistance which has now turned to support dating back from August.
2)There is a trendline that has been respected from early November with this being the third touch thus probably propelling it upward.
3)Higher Highs and Higher Lows being formed.
Breaking the trendline would invalidate this trade.
4) Meeting the 61.8% fibonacci level
Like always 25 to 30 pip stop loss
1)It broke resistance which has now turned to support dating back from August.
2)There is a trendline that has been respected from early November with this being the third touch thus probably propelling it upward.
3)Higher Highs and Higher Lows being formed.
Breaking the trendline would invalidate this trade.
4) Meeting the 61.8% fibonacci level
Like always 25 to 30 pip stop loss
Trade closed: target reached
It reach target a couple days ago
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.