Hey,
My idea on EUR/USD for the next week (08.01 - 12.01.2018) :
In my point of view, this pair is about to breach 1.2100.
From the daily we have few inside bars within a strong uptrend.
From the H4 chart I can see the recent seller completely taken out. Now the sell is resuming again, very slowly and very unconvincingly with big buying pressure on its way down.
Possible scanarios:
Wait deeper downside pullback (make sure it stays weak) and buy it with tight stop loss below 1.2000. Main target around the recent high (in order to get better RR)
Possible buy at the current level with 1:1 RR towards the recent high and trend continuation trade to break through 1.2100
Wanna see how this will close this week, though.
My idea on EUR/USD for the next week (08.01 - 12.01.2018) :
In my point of view, this pair is about to breach 1.2100.
From the daily we have few inside bars within a strong uptrend.
From the H4 chart I can see the recent seller completely taken out. Now the sell is resuming again, very slowly and very unconvincingly with big buying pressure on its way down.
Possible scanarios:
Wait deeper downside pullback (make sure it stays weak) and buy it with tight stop loss below 1.2000. Main target around the recent high (in order to get better RR)
Possible buy at the current level with 1:1 RR towards the recent high and trend continuation trade to break through 1.2100
Wanna see how this will close this week, though.
Note
This is what I mean deep pullbacks on its way down.Note
Aggressive sell so far. Only a strong bullish candle to return the price inside 1.2000 zone would be a signal for a buy. Otherwise, standby and wait and watch as the price is getting closer to the recent support 1.1930Note
Looking good. Wanna see a hold/discount.Note
Activating EUR/USD buyTrade active
Note
Note
Challenging 1.2100 again ?Note
Trade closed: target reached
Alright I am out. 250 pips total. Awesome trend ride :)
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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.