EUR/USD 4H LONG - LET'S BUY 200 MA & FIB TREND CONTINUATION
Updated
Hey guys,
I see an upward momentum on Daily and 4H charts - Weekly 1.13 held nicely last week with buying pressure pulling up the candle into green.
1. On a Weekly chart, I see a momentum building for further upwards move. As 200 MA turns upside, Euro most likely to test range highs of 1.148 - 1.15.
2. Entered the trade around 200 MA 4H levels when 4H candles closed above it.
3. 4H chart is trending up, holding the trendline seen on chart. 1.139 at around 07:00 am showed some support as well, the Fib of 0.236 is also there together with 20MA confirming the pressure up.
My ENTRY is: 1.1414
Looking for a 100-120 Pip move up.
I see an upward momentum on Daily and 4H charts - Weekly 1.13 held nicely last week with buying pressure pulling up the candle into green.
1. On a Weekly chart, I see a momentum building for further upwards move. As 200 MA turns upside, Euro most likely to test range highs of 1.148 - 1.15.
2. Entered the trade around 200 MA 4H levels when 4H candles closed above it.
3. 4H chart is trending up, holding the trendline seen on chart. 1.139 at around 07:00 am showed some support as well, the Fib of 0.236 is also there together with 20MA confirming the pressure up.
My ENTRY is: 1.1414
Looking for a 100-120 Pip move up.
Trade active
Trade closed: target reached
I took my profits here, too much noise with fundamental data coming in.
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.