25-5-2020 - 15M MSB - EU Long

FX:EURUSD   Euro / U.S. Dollar
15M MSB - EMA Crossover - 15M Bullish Tideshift - 4H Morning Star - 4H SMA 50 Crossover EMA 200

Price has made an upside break of structure (37.7 pips after rejecting the 4H 62 Fib Level and formed a new HH formation right on the 15M EMA 200 where it found strong Selling pressure. Following that, price has rejected the Fib 62 Level which has confluene with the SMA 50. As of now, price is currently trying to break above the EMA 14 and the Institutional Level 1.09 for a push higher.

Bias = Bullish
Structure = Potential Impulse
Setup = 15M MSB, 62 Bounce
Confluence = EMA Cross, SMA 50 as support, Overall Bullish Setup

Entry = 1.08976
Risk = 0.5%
Position = 1
Trade closed: stop reached: Closed out in small loss
-5 pips


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