"Euro" Long Opportunity
Completion of Daily 3 pin pattern last week finishing w/ huge bullish engulfing over 8 EMA, playing along nicely w/ the weekly sellers exhaustion we've been seeing. Since the beginning of the week price has held above the 8 EMA w/ yesterday closing a long legged doji. 8 hour structure pretty clear w/ break and retest at 38.2% w/ consolidation. Also, an 8 hour CTL break + retest. M.A's crossed bullish. 4 hour bullish engulfing over 8 EMA right off 38.2%. Same w/ 2 hour + M.A's crossed over bullish. 1 hour CTL break triggered my entry. 1:2.25 R:R
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