EUR USD - Hitting old High and beyond

Dec 21, 2017

Euro/USD has created several bull flags in the last weeks and shows very strong bullishness. Because of the strength of the trend I think that the sideways correction is now over and we will hit the old high at 1.20 again, then a little bit sideways and then breakout with targets at 1.25 and more. This Idea can take half a year or so.

Dec 21, 2017

Trade active

Trade active above Bulllflag with SL around 1.17

Jan 12, 2018

Trade active

Already reached new high at 1.214 today, trade active with target 1.25.

Jan 18, 2018

Note

Already hitting 1,23, now little correction would be good to let the indicators cool down, then up again with the next move to 1,25. Trade idea works faster then expected :-)

Jan 26, 2018

Trade closed: target reached

Target reached in just 5 weeks. Trade closed