jamersonhayes

EURUSD Long 59 Pip Gain...

Long
FX:EURUSD   Euro / U.S. Dollar
1
This trade stalled out at the 1.115 level, I previously tracked a positive trend line the night before which predicted that around this level the EURUSD would give some type of support and possibly hold sending the hourly chart in the reverse direction. It held so I bought and placed a seven pip stop. If this level does not hold I will look to close out this trade and possibly buy at either the weekly support 1.11219 or even lower at the 1.1048 level. I do expect the USD to become stronger when the market opens, so this is a quick trade/scalp and not necessarily a swing trade.

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