EURUSD LONG SETUP - US CPI NEWS - 1.15?
Hello everyone! today's trade is on EURUSD, a pair with high volatility which is a favorable thing for traders. Why are we taking this trade?
- Ascending triangle on EURUSD with a very strong uptrend and buying-volume.
- Price above the 20-50-200 EMAs [4H] and the POC.
- European Stocks Higher on Recovery Optimism.
- Dollar edges off lows as U.S. inflation test looms.
- As inflation continues, CPI news have a high probability to come negative for dxy.
- Good RRR trade, 1:3
- Not going against price direction.
Everyone will have a different entry based on his risk management! mine is Buy-limit at 1.134 hope it gets filled. Don't scalp! swing trade as high volatility might hit all your tight SLs. Good luck everyone.
- Ascending triangle on EURUSD with a very strong uptrend and buying-volume.
- Price above the 20-50-200 EMAs [4H] and the POC.
- European Stocks Higher on Recovery Optimism.
- Dollar edges off lows as U.S. inflation test looms.
- As inflation continues, CPI news have a high probability to come negative for dxy.
- Good RRR trade, 1:3
- Not going against price direction.
Everyone will have a different entry based on his risk management! mine is Buy-limit at 1.134 hope it gets filled. Don't scalp! swing trade as high volatility might hit all your tight SLs. Good luck everyone.
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