Bullish Setup on $EURUSD
First trade:
Trade type CCC
Reasons for taking for this trade (and why my SL is too a bit)
- If we look on the weekly, the price 1.06444 is the open of a very big bullish candle and the close of the adjacent (to the left) of a very large hammer candlestick which is bearish with a long wick. That price level is very critical for reversals.
- In H1 there is a wick balanced with an OB and the same OB was filled with a candlestick that closed bullish.
- Based on our probabilities H4 Might close bullish and above 1.06574 - This will have a strong and a good entry price.
- The reason my stoploss is at that price point is because, there will be FOMC meeting tomorrow at 22:00 UTC+3 this can greatly influence and volatility of this pair. Please note the FOMC might affect this pair on our favor and our long bias might push this higher.
Trades type glossary:
Type AAA - Very good
Type BBB - Good
Type CCC - 🧐
Trade type CCC
Reasons for taking for this trade (and why my SL is too a bit)
- If we look on the weekly, the price 1.06444 is the open of a very big bullish candle and the close of the adjacent (to the left) of a very large hammer candlestick which is bearish with a long wick. That price level is very critical for reversals.
- In H1 there is a wick balanced with an OB and the same OB was filled with a candlestick that closed bullish.
- Based on our probabilities H4 Might close bullish and above 1.06574 - This will have a strong and a good entry price.
- The reason my stoploss is at that price point is because, there will be FOMC meeting tomorrow at 22:00 UTC+3 this can greatly influence and volatility of this pair. Please note the FOMC might affect this pair on our favor and our long bias might push this higher.
Trades type glossary:
Type AAA - Very good
Type BBB - Good
Type CCC - 🧐
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