EURUSD - TRADE SETUP ON LONG SIDE

Oct 17

Symbol - EURUSD

EURUSD is currently trading at 1.0854

I'm seeing a trading opportunity on buy side.

Buying EURUSD pair at CMP 1.0854

I will be adding more if 1.0825 comes & will hold with SL 1.0790

Targets I'm expecting are 1.0932 - 1.0980





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

Oct 17

Trade active

CMP 1.0823

Add more level reached. Adding more position here.
Avg Buy price now is 1.0838

Oct 22

Trade active

CMP 1.0808

Adding more long position here.

Holding with UPDATED SL 1.0774

Oct 23

Trade closed: stop reached

CMP 1.0774

SL reached, Trade Closed.

Oct 23

Trade active

CMP 1.0766

Long position opened again. Holding with strict SL 1.0735

DXY is in mad up trend because of the prospects of a gradual reduction in interest rates by the Federal Reserve and a strong US economy. Markets seem to be pricing in Trump's victory which is also positive for US dollar. Since the end of last month, the US dollar has added about 4%, mainly due to the excellent employment report for September.
but whatever may be the news flow but technical chart is hinting a reversal from current levels. So Entering long positions again. One last time!

Oct 26

Trade closed manually

CMP 1.0835

Previous SL covered and extra profit of 10-13 pips. Closing my position here for now.
Now it should fall back for a retracement to make double bottom, I will try to enter there around 1.0800