EURUSD - Long Term - Long
Updated
The idea born based on COT report data and wave aanlisys.
I think in the next day we can have a short term long after NFP data .. probably in the buffer zone between 0,3/05 fibo rebound of last short leg.. than we can see a deep retest of bottom (we can have a double bottom) or the retest of support area 1.04.
After that I think there will be conditions for the long.
I think in the next day we can have a short term long after NFP data .. probably in the buffer zone between 0,3/05 fibo rebound of last short leg.. than we can see a deep retest of bottom (we can have a double bottom) or the retest of support area 1.04.
After that I think there will be conditions for the long.
Trade active
Hit buffer zone ...
Note
slow but inexorable towards the target
Note
Note
Possible retest of bottom ..Note
we are near to target.. in this moment I have a trailing stop position that can be really good in case of support break
Trade closed: target reached
finally we hit the bottom and create a double bottom.. so Good for US and for next Holiday.
I close my position.
For the future.. attention to go long because after the rebound we can have a new short phase..the RSI doesn't evidence any divergence.
Note
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