Tradingwithtamil

EURUSD: DESCENDING BROADENING WEDGE BREAKOUT AHEAD-BULLISH.

Long
FX:EURUSD   Euro / U.S. Dollar
Hi traders,

EURUSD BUY PLAN: After the fall from the first mid of this year, market printing the signals in the mean point. The chart marked candles as a descending broadening wedge ; the potential of the candles adding an extra boost for a breakout setup from current price range. Due to the pair familiarity, there is a chance for pull back-formation after the breakout.
The pullback formation needed to short out the buyers so; traders be keen on this zone. The rise may grab the quote 1.21550.
On the opposite aspect, If the signals moving in the bear lane means, end the trade near 1.14769.

CHECK OUT THE CHART AND DECIDE YOUR TRADE.

SIGNAL SPECIFICATION:

Pair: EURUSD

Order: BUY

Entry: 1.17140

Take profit: 1.21550

Stop loss: 1.14769

Risk Vs Reward: 1.86


If you find it useful, hit like and comment.
follow our updates for more profitable trades.

Trade closed: stop reached

Related Ideas