Long For EUR/USD?
Updated
After getting minor rejection yesterday in the Significant Support Resistance (SSR) zone. Personally, I assume this long trend will continue to an uptrend.
FOMC meeting recently shows that US Dollar currency slightly strong after last 6 weeks in a weaker mode compare to Euro currency. Rejection in zone 1.21600 (Resistance Become Support) is one of the signal Euro currency might continue to go up testing the zone of 1.23300 (Resistance Become Support).
BBMA KG strategy:
Red = BBMA Daily
Magenta = BBMA Weekly
Aqua = BBMA Monthly
In BB Daily, price shows consolidation to entry in the low BB after getting rejected in the RBS zone. While BBMA Weekly currently in normal up mode and BBMA Monthly is trending up. It is shown that in the long period, the price will keep bullish since BBMA Daily and Weekly is above the BBMA Monthly.
My strategy is to enter buy during European market is open only if the price keep rejected in zone 1.21600 (RBS) and my Target Profit in zone 1.23300 (RBS). For my Stop Loss in zone 1.21100 which below MA Weekly.
Disclaimer: This is only for my technical analysis education purpose. If it is correct, it might be my luck. If it is wrong, then it will be my education to improve my trading skill. My post is to keep me always improve my trading strategy, trading plan and road to the full-time trader.
FOMC meeting recently shows that US Dollar currency slightly strong after last 6 weeks in a weaker mode compare to Euro currency. Rejection in zone 1.21600 (Resistance Become Support) is one of the signal Euro currency might continue to go up testing the zone of 1.23300 (Resistance Become Support).
BBMA KG strategy:
Red = BBMA Daily
Magenta = BBMA Weekly
Aqua = BBMA Monthly
In BB Daily, price shows consolidation to entry in the low BB after getting rejected in the RBS zone. While BBMA Weekly currently in normal up mode and BBMA Monthly is trending up. It is shown that in the long period, the price will keep bullish since BBMA Daily and Weekly is above the BBMA Monthly.
My strategy is to enter buy during European market is open only if the price keep rejected in zone 1.21600 (RBS) and my Target Profit in zone 1.23300 (RBS). For my Stop Loss in zone 1.21100 which below MA Weekly.
Disclaimer: This is only for my technical analysis education purpose. If it is correct, it might be my luck. If it is wrong, then it will be my education to improve my trading skill. My post is to keep me always improve my trading strategy, trading plan and road to the full-time trader.
Note
Close BE +50 pips. Still looking for another opportunity if got any rejection to keep buy.
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