EURUSD | Long scenario | Ursula´s second last stand
Updated
Be aware this is a countertrend trade.
While i see more downside on the EURUSD i am currently looking to take a long position if the following requirements are met (as visualized with the red arrow):
- Price takes out the recent swinglow
- Price reclaims TLI 1 and i want to see atleast a tap of it (better an open / close of a candle) above S/R Level 1
- Open long on retest
Target: Below 50% of the range and the next strong resistance level
Stop- Loss: No open/close of a candle below the tap that took out the recent swinglow
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
While i see more downside on the EURUSD i am currently looking to take a long position if the following requirements are met (as visualized with the red arrow):
- Price takes out the recent swinglow
- Price reclaims TLI 1 and i want to see atleast a tap of it (better an open / close of a candle) above S/R Level 1
- Open long on retest
Target: Below 50% of the range and the next strong resistance level
Stop- Loss: No open/close of a candle below the tap that took out the recent swinglow
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Note
Price closed under TLI 1 - lets see if we get an reclaimNote
So far no reclaimTrade closed: stop reached
Forgot to update the idea. S-L was triggered
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