Eurusdchart
EURUSD Reversal/BreakOutEURUSD appears to be reversing its bearish trend, however it has not yet violated the bearish channel. For these situations I find it best to trade within the channel in case it does not experience a bullish breakout. The entry is set low (expecting pullback) and the SL is set tight. The SL is below the lower trend line. -StampsFX
EURUSD Long Idea!My first consideration to long is that the RSI level is at the bottom and unclear DMI but with blue line on the low. Then I see it looks like a H&S pattern, but it's not i think. As the support level holds after we have a short term double top price action with higher high, my tendency towards bullish is bigger than bearish.
For those who scalping you got 33.8 points to get percentage @ 0.30% from the current level and for kinda swing trade, I will let it open till it achieve 363.7 point or 3.19% from the current level @1.17531 price.
Stop loss if it breaks the red line @ 1.13015
