EUR/USD Seems has opportunity for take scalp long!This idea shows how we can take long in market open for Monday .
Eurusd_long
Long EUR/USDHello fellow traders,
Christmas is nearby and there is an opportunity to long EUR/USD now, so a bit too late but some pips are still very promising.
Take your look at the depicted chart for more reference.
Trade well!
m2m
EURUSD BUY/SELLLooking at the EURUSD pair, we can see the pair are nearing the top of the price channel the pair have been trading in for quite a while now. There are two scenarios playing out here. Either the pair could trade higher to the top of the channel, or the pair could break down through the trend line and start heading lower. The MACD & AO both show divergence which suggest's weakness, but it could still make a higher move to the top of the channel before breaking through and heading lower.
EURUSD 5th wave setupEURUSD looks to be in the process of completing a
so called 5th Elliot Wave. For this its important that
it will break to current resistance. When this happens
this 5th wave might go to 1.09 and possible beyond if
the upper range breaks.
Stoch Rsi shows strong buying pressure and Adx shows
that bullish trend is stronger then the bearish, however
the red line that indicates trend strenght still needs to
climb a bit further. If this black line goes above 25 and
indicates a strong bullish trend then a break-out of the
bollinger bands is highely likely.
Buy at current market price with a small position and be
ready to add more, or buy the dips
