Long

BIG RED BEAR knocking on your door! Part 5 - EUR/USD

Updated

EUR/USD - BUY

Entry @ 1.2150 (or Market if Aggressive)
SL @ 1.2000
Targets: 1.2400 / 1.2650 / 1.2750 / 1.2850 / 1.2950 / 1.3000

Trade active

In the green, spiked with a possible Impulse which is obviously nice to see.
SL moved at BE, trade will be monitored, it should continue to 1.28 / 1.29 / 1.30 after which it would become a Major SELL. However, a move down is slightly possible with only 1 remaining pattern scenario (not likely in my view but aware of it).

Note

Trade at BE, DXY could have one more Bullish Swing before the bigger drop. See Part 1 for NFP Technicals.

Note

Market conditions are "dodgy" during these times and structure could become more Complex. Extra caution is needed, watch "DXY - Cheating with the Joker - Double or Triple Three?" video for more details. The set-up could be invalidated if the Dollar Index surprises.

Note

Trade closed: target reached

1st Target reached!

Turning the view towards the bearish side with this view:

Bull Riding - Rodeo Trading – Intraday Market Orders (Part4)

Lionheart-EWA

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