Long

EURUSD BULLISH SETUP

By mrsanto

Updated

This is a premature draft of my bullish setup.
we need some confirmation.

Invalidation level at 1.1050

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If the price break above WPP next step should be at least 1.1175

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still going up, but not so strong

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small target area reached.
now a little pullback could happen but i hope it will continue up a little more.

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if we drop below the dangerous area the trade could be at risk.
Since i'm long from 1.1103 i will eventually edge my positions 'till 1.1050 if the price fall below 1.1100.

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Price actually sits in the "dangerous pullback zone".
If the price reverse here next minimum target should be around 1.1200
Price can still fall lower to 1.1100 - 1.1050 ....

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facing first resistance area let's see

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closer to new target

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Even closer to next target but next 2 days will be full of news.
Pay attention with your trades.

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Target reached.
Now the price could come back a little in the area of 1.1170 - 1.1140.
This can provide a new buy opportunity if the PA tell us.
The price can also continue up to shark 1 target
Let's wait where news will bring us today

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Downside still in progress. Let's see where Draghi bring us

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Here we are. Will it go UP or DOWN ?

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Shark target 1 reached :)

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I will continue with the daily setup

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OK, now the price reached a good level.
At this point it can continue a strong up move or retrace. I personally took partial profit at 1.1345 and i will keep open a couple of long positions. I will wait for it to reach the shark target area 2 around 1.1415-1.1460 (strong resistance area). i moved Stop to BE and i will manually close the trades if PA tells me.

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Trying again to broke WR1 and reach target 2

mrsanto

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