EU has been in a 2 month consolidation. I went long at bottom of range after support held. Long @ 1.15612. I just closed 1/2 of my position to lock in gains. To me the charts seem to have more downward pressure indicating the support could be retested or broken prior to returning to the top of the consolidation range. My current TP for the remaining position is 1.1645. I'll adjust my SL to ensure this remains a winning trade.
1D:
1D (2):
1M & 1W charts below show the downward pressure followed by 2 months consolidation (or indecision).
1M:
1W:
1D:
1D (2):
1M & 1W charts below show the downward pressure followed by 2 months consolidation (or indecision).
1M:
1W:
Trade closed: target reached
Target reached.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.