EURTRY: Interesting long setup
Updated
We have an interesting long setup in the EURTRY chart.
Go long if we plot a new high, or on retracement to 3.2131, with stops (for either of the entries) under 3.1914.
Target is initially a test of 3.3052 but we could march higher, and eventually break resistances and hit the higher targets on chart, but for now, it remains as a possibility that needs further empyrical proof to be validated.
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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Go long if we plot a new high, or on retracement to 3.2131, with stops (for either of the entries) under 3.1914.
Target is initially a test of 3.3052 but we could march higher, and eventually break resistances and hit the higher targets on chart, but for now, it remains as a possibility that needs further empyrical proof to be validated.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Trade active
"Go long if we plot a new high, or on retracement to 3.2131, with stops (for either of the entries) under 3.1914."New high.
Note
If you took the trade, leave a comment!Note
Heading for target #1. If we don't break and close above it, we might see a retracement or correction begin.Note
Close 75% of the position, let the rest run with break even stop forever...Note
We can rebuy or add to longs in this zone here. We can finetune the stop loss from the daily chart when price gets there, or we can use a wider stop loss under 3.2.
Note
Good progress, let it cruise.
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