SaleemJunedLala

EURUSD Short Term Long

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
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2
First Idea here, so please trade at your own risk and do advice and suggest anything I can improve on :)

A long can be taken in EURUSD as the price has taken support at the short term trend line along with a buy indication at the stochastics.

Target 1: 1.07476
Target 2: 1.07738

Stop Loss: 1.07112
Trade active:
Comment: The 5 minute chart shows quite significant down wicks indicating how the sellers haven't been able to close the price below the upward sloping trendline. Seems to be holding well off now with a favorable risk reward ratio.
Trade closed: stop reached: Stop loss triggered!

Comments

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