Longeur
BUY EURUSDWith price unable to drop during yesterdays downward momentum, clearly shows there is some bull left in this pair. I believe the media is being used to spread news of a strong dollar while the big boys go long. This week will close bullish then next week we should look to buy the dips. On the monthly price has already reacted showing an end to the long downtrend. This move up will begin the new bullish we have been anticipating. I see a long position here with targets at parity and stops below 0.9800. Use proper money management
EURUSD BuyLimit on 1.1433 with RRR 3.63I think that EURUSD still on bull trend. So we need enter in buy position. But Where?
Best enter will be on some low - when the pair updates the last lower extremum at 1.1433
I make there BuyLimit and TP will be 1.1514. SL - 1.1410. So RiskRewardRatio - 3.63
P.S. On chart order placed not full correctly so RRR 3.05. But really - 3.63 :)
Long EURUSD from the strong support / resistance zoneEURUSD price is in the range that has acted as strong resistance / support zone since 2015. I expect this zone to be respected. I expect EUR to recover 100pips+ from this region and then continue sell down. I am still bearish on EUR due to crisis in Turkey. Italy politics is also not giving any reason to celebrate.
In addition I see that volume is reducing during bearish candles while volumes are really high for green candles. Another reason for us to go long.
EURUSD potential 2618 trade setup on 4H chartWe are already in the killzone to buy here at market prices. The orignal idea and setup was to buy at the 61.8 which would have been the aggressive option. But looking at the sharp reversal from recent highs, particulary visible on the weekly and daily chart I would suggest a more conservative entry here. It was worth the waiting as we have blown way past the 61.8% retracement. Right now we have a splendid risk/reward profile and I would be a buyer if we get a double bottom on the hourly time frame and then a higher high higher close candle. I expect this will lower the R/R but at least it leaves one more comfortable. On the other hand, those who reduce their stops after a double bottom could increase their R/R instead.