EURUSD: Time at mode and FOMC key levels update
Updated
I have entered a long position today, as depicted on chart. I closed 50% of it when it reached the 1R profit mark to make it risk free, and moved the stop los to entry now.
I'll be looking to add to this trade, in case we confirm a time at mode trend signal like the one depicted on chart.
Once we find the top here, would look for the opposite side of the trade, but not for now.
A weekly close above 1.09964 would be a great bullish signal here.
Stay tuned for updates, next week will be instrumental.
Cheers,
Ivan Labrie.
Time at Mode FX.
PS: If interested in mentoring or trading signals, contact me privately, see my profile for details.
I'll be looking to add to this trade, in case we confirm a time at mode trend signal like the one depicted on chart.
Once we find the top here, would look for the opposite side of the trade, but not for now.
A weekly close above 1.09964 would be a great bullish signal here.
Stay tuned for updates, next week will be instrumental.
Cheers,
Ivan Labrie.
Time at Mode FX.
PS: If interested in mentoring or trading signals, contact me privately, see my profile for details.
Note
We closed the week above FOMC support, and above the weekly mode.I doubled my position before the weekly close. Currently a risk free trade as is.
Next week we might further chances to add to EURUSD longs if the uptrend confirms.
Target on chart would be a logical level to aim for.
Keep in mind we have a monthly base from even longer, so, it could evolve into a gigantic move without much problem.
Note
Monthly view: Note
We have reached monthly resistance, I took a short position off this zone.Trade active
Note
I covered my short at 1.109.I'm expecting more upside, we can rejoin the long side, or just wait to short the top.
The short stops should get hit soon.
Note
Uptrend target is still valid. Looking to long eurusd off support.Note
Nice bullish momentum after expanding the weekly range.I see this target as valid still, and would look into going long or adding to longs overall.
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