Eurusdbuy
SHORT and LONG on EUR/USDOn the weekly timeframe price formed a M or (double top) pattern and has been falling ever since.
Currently, price has broken a major support area and is now retesting it as resistance. It is possible that price can break back into this old support zone and start going up, or after retesting the zone as resistance it can fall from there.
I am looking to capitalize either way.
Here are the plays I will be taking on this pair.
PAIR = EUR/USD
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.14175
STOP LOSS = 1.13843 - 33 PIPS / $3.30 LOSS
TAKE PROFIT = 1.16794 - 261 PIPS / $26.10 GAIN
PAIR = EUR/USD
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.21481
STOP LOSS = 1.14032 - 155 PIPS / $15.50 LOSS
TAKE PROFIT = 1.08125 435 PIPS / $43.50 GAIN
EURUSDYou can buy near the top of the misleading square. The stop loss is the lowest of the square. If the stop loss is hit, the sell trade is activated and the compensation target is clarified.
The market seems to be very uncertain and very risky ... I prefer to turn off my laptop and have fun ... Christmas is approaching and the volume of transactions is very low ... So up to my money I did not hurt, I had better close it in my laptop. What do you
EURUSD Long with 3 confluencesLIST OF CONFLUCENES:
1:Key level breakout with bullish engulfing candle.
2: Change in market structure with creation of new high.
3: Trendline Breakout.
Summary:
Trade has the potential RR of about +- 2.3. Trade will be entered on Tuesday during London session and or NY session. Targets are set using fibs.