EUR/USD Short Term Long trade
Updated
4 Hour chart is currently bullish overall, in a pullback phase. 15 Minute Chart is also bullish overall but in a pullback phase.
We are seeing some deceleration and loss of momentum in the M15 pullback, which could be signaling the end of the pullback and a possible reversal for the continuation of the overall trend.
The price in the M15 chart is also touching the area that previously triggered momentum for a break of structure, so the price is touching a strong support area.
The bullish order flow in the H4 and M15 + the tap of a strong support area on the M15 + the deceleration in the momentum of the pullback are potential indications of a good long setup on the horizon.
We are seeing some deceleration and loss of momentum in the M15 pullback, which could be signaling the end of the pullback and a possible reversal for the continuation of the overall trend.
The price in the M15 chart is also touching the area that previously triggered momentum for a break of structure, so the price is touching a strong support area.
The bullish order flow in the H4 and M15 + the tap of a strong support area on the M15 + the deceleration in the momentum of the pullback are potential indications of a good long setup on the horizon.
Trade closed: stop reached
Taken out at break-even after the trade ran 2% into profit. Initial RR was 1:10
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