EURUSD 1.12747 +0.52% LONG IDEA MULTI TIMEFRAME
Updated
Good Day Everyone
Here's my idea on the EURUSD pair should we see a break to the upside on the descending channel/ pennant on higher time frames.
* from the weekly chart on the pair it broke out of a descending channel and pushed up consolidating in a pennant formation which may signal continuation to the upside.
* on the daily chart waiting for a break above the descending channel / pennant targeting resistance level 1.15911 swing.
* if the descending channel holds the trading plan changes but for now looking for a break above as most time frames are signalling bulls favor.
______________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TARGET 1 - 1.13680
TARGET 2 - 1.14984
TARGET 3 - 1.15911
______________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Here's my idea on the EURUSD pair should we see a break to the upside on the descending channel/ pennant on higher time frames.
* from the weekly chart on the pair it broke out of a descending channel and pushed up consolidating in a pennant formation which may signal continuation to the upside.
* on the daily chart waiting for a break above the descending channel / pennant targeting resistance level 1.15911 swing.
* if the descending channel holds the trading plan changes but for now looking for a break above as most time frames are signalling bulls favor.
______________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TARGET 1 - 1.13680
TARGET 2 - 1.14984
TARGET 3 - 1.15911
______________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Note
EUR DAILY
Note
EURUSD WEEKLY
Trade active
Trade active
broke above structure now a significant move to the upside has launched this is the trigger for the signal.
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