EURUSD - simple trend continuation long

FX:EURUSD   歐元 / 美元
This EURUSD pair has been putting in a series of Higher Highs and Higher Lows, indicating that the trend on the hourly time frame is in an upward direction. This is also confirmed by drawing the trend line . Furthermore, price bounce off a previous resistance level which should now become support.

The pair is moving quite harmonically recently, breaking the previous highs after retracing till around the 61.8 retracement. Currenlty we are sitting at such a retracement and on the trend line , providing us an excellent opportunity to go long. If the pair continues it's behaviour, we could again create new highs around the 127.2 Fibonacci extension which would also complete a nice AB=CD pattern. (Which is not a reason for the trade, rather a reason to put a 3rd target at that level)

I put the stop loss nice and tight under the entry so that if the direction fails to confirm, we get out of the trade quickly.
Stops will be moved to the entry level once TP1 is reached, and moved up the subsequent TP levels once the next one is reached.

If you like this setup, please do not forget to click the thumbs up button, and if you want to keep up to date you can follow me.
交易結束:達到停損點: You win some, you lose some. Up to the next opportunity.

Good set up, I'll consider it as my alternate move this week, but not my main plan. Sorry Dude, will against yours this time.
This correction is ain't over yet. Expect to keep selling till 1.100s level, then the big bull will show up again.
Anyway, good thinking tho. Cheers.
romeo2858 romeo2858
who knows u got wondered on my comment....

thats bit better, but still not enough, haha
Excellent analysis and explanation. Thank you!
+1 回覆
Thanks for your visit, your comment and your like ! Let's see how the market will move. :)
NunoMenano Nico.Muselle
oops...didn't happen
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出