EURUSD Classic Long Setup Unfolding
Updated
Hi FPC followers,
Here's my sentiment for the following pair. It seems like we have already rejected the DS1 level, and multiple high activities were spotted at the lows indicating MMs are favouring lower prices to open longs. Have been monitoring this pair and made some entries below the current price as I believed a reversal to a new high is in the making, and getting ready for tomorrow's NFP news.
We can see a classic long setup slowly being created, as the dragon and trend are nicely angled up, confirmed by our PA above the trend. A breakout above the whole level (1.08) is also observed. An EP can be made upon the retrace or when we see a leg #3 wave forming for a nice bull run.
TP: 1.0862 (Above RDH level)
SL: Depending on EP, just below the price swing low
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Here's my sentiment for the following pair. It seems like we have already rejected the DS1 level, and multiple high activities were spotted at the lows indicating MMs are favouring lower prices to open longs. Have been monitoring this pair and made some entries below the current price as I believed a reversal to a new high is in the making, and getting ready for tomorrow's NFP news.
We can see a classic long setup slowly being created, as the dragon and trend are nicely angled up, confirmed by our PA above the trend. A breakout above the whole level (1.08) is also observed. An EP can be made upon the retrace or when we see a leg #3 wave forming for a nice bull run.
TP: 1.0862 (Above RDH level)
SL: Depending on EP, just below the price swing low
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Trade closed: target reached
Seems like the pump to 1.085 has volume, it might retrace back before another pump. Profit taken just around RDH level. Congrats to all who follow this entry, about a nice 40 pips in the bag
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