EURUSDTimeframe: 1D
Direction: Long
Confluences for Trade:
- Bearish momentum waning
- Stochastic Oversold momentum turning
- Price tried to break the Support Trendline but could not sustain itself below the trendline (Buying momentum gaining)
- Price action at Horizontal Support Trendline and has bounced off against it
- Please refer to previous post on EURUSD Inverted Head and Shoulders
Suggested Trade:
Buy EURUSD
AOI: 1.1335 - 1.1465
SL: 1.1244
TP1: 1.1585
TP2: 1.1794
RR: Approx. 2.46 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade closed: stop reached
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.