Update On EURUSD BUY Idea Trade Triggered

Just a quick update on the EURUSD BUY trade idea I posted last week were I wrote that I was waiting for my indicator to give me a BUY signal as we entered the 2001 DEMAND/BUY zone you can read the full idea in related ideas below.

We can see it spiked down below the area at the beginning of the week likely there was a lot of liquidty under the level and we closed the week/month back up inside this zone with my indicator giving me DAILY BUY signal which is what I was looking for.

I will hold this position up until the previous SUPPORT level around 1.03 and will close 50% of my postion around the 1 level and move stop to breakeven this could turn into a great long position so will eventually trail the position as it moves along.

I did say only a Monthly close under 0.96 would invalidate this trade we got a break below followed by a sharp reversal and close back inside which gives me confidence in this position read the related post to understand why I entered at this level.