TheBulltrader

After 19 days of holding my short, am now going long.

Long
TheBulltrader Updated   
FX:EURUSD   Euro / U.S. Dollar
9
In my chart, I have my descending channel of the overall currency pair EURUSD. In my earlier post, I shorted the eurusd bounce at 1.1145 and have finally closed my position. On the daily chart, we are near a doji at/ near a double bottom/ or 50 pip higher low. With the market unable to break through 1.10, I see a great opportunity to long and look for a breakout into 1.12 and into 1.161 fib extension where I will to look to short EU.
Comment:
closed position +5 pips as eurusd did not break above resistance at 1.105
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