EURUSD appears to have REVERSED; Buy the Dips
Updated
EURUSD finally appears to have reversed. The big Bullish candle has engulfed the previous days' bearish candlestick which indicated that EURUSD might have bottomed out.
In the lower time frame too, it has broken the 100H EMA with a strong bullish impulse(check the idea that I have attached below to see how I was tracking EURUSD's reversal with the hourly chart).
So, traders can now continue to Buy the dips between 1.0818-1.0840 with SL below 1.0710.
TPs can be placed at 1.10 and 1.1180 respectively.
In the lower time frame too, it has broken the 100H EMA with a strong bullish impulse(check the idea that I have attached below to see how I was tracking EURUSD's reversal with the hourly chart).
So, traders can now continue to Buy the dips between 1.0818-1.0840 with SL below 1.0710.
TPs can be placed at 1.10 and 1.1180 respectively.
Comment
First TP reached. 1.10180 pips gain from this set-up
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