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Euro / U.S. Dollar
Long

EURUSD, possible long trade

By botje11
Updated
Made a good strong bounce today, ideally we will see some sideways movement in the shape of a bull flag, slow and steady towards our entry zone (blue). If that happens, we can increase the position at the green circle with the target at the yellow circle. Stop level will be the red zone
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So the slow and steady bull flag already happened, was just much smaller than i though it would be. Already broke the resistance zone on it. Could see a retest of the neckline before continuing up again.

snapshot
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previous analysis:

EURUSD Long or Short, H&S or Wedge
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We could see a retest of the former resistance. I would move stops to that red zone now.

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Got some selling pressure coming in now, more than it should be. I am going to keep the stop around entry (red zone), if that breaks i will just sit and wait to see where to enter again.

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Beyond Technical AnalysisChart PatternsEUREURUSDTrend AnalysisUSDUSDEUR
botje11
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