EURUSD 1.21180 + 0.1 % LONG IDEA * CONTINUATION PATTENS & PRC A.
Updated
Hey everyone
Hope you guys are having a good on, here's my swing idea on the EURO DOLLAR pair from some multiple TM. looking at the monthly we saw a break of the descending channel and the retest of this level seems like the pair is currently rallying with the bulls from the monthly, weekly & daily so guess its safe to say we are net bullish on the pair.
coming down for entries and executions.
1. from the 4H chart the pair is currently trading in a bull flag looking for a break of this structure.
2. More aggressive traders/ intraday traders can take opportunities within the structure on lower time frames
3. the idea is based on swing so waiting will be in play looking for a breakout in either direction of the break out for reasons stated on the chart.
4. FIB retracements will be guides for targets
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope you guys are having a good on, here's my swing idea on the EURO DOLLAR pair from some multiple TM. looking at the monthly we saw a break of the descending channel and the retest of this level seems like the pair is currently rallying with the bulls from the monthly, weekly & daily so guess its safe to say we are net bullish on the pair.
coming down for entries and executions.
1. from the 4H chart the pair is currently trading in a bull flag looking for a break of this structure.
2. More aggressive traders/ intraday traders can take opportunities within the structure on lower time frames
3. the idea is based on swing so waiting will be in play looking for a breakout in either direction of the break out for reasons stated on the chart.
4. FIB retracements will be guides for targets
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Note
Note
Note
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.