Tradingwithtamil

EURUSD: WHICH ONE WILL COME TO EXIST 1.15996 OR 1.15669? BULLISH

Short
FX:EURUSD   Euro / U.S. Dollar
Hi traders,

After an enormous up from last week, the EURUSD pair still moving with the good health.

As I said in the last update the EURO recovering from the massive fall. We can map the recovery path in the chart.

As for now, the signals landed at 1.16641 (shown in the graph).

By the impact of an impulse(1.18259) the momentum appeared with the combination of impulse and corrections.

At 1.17153, an impulse formed in the downtrend and I believe this action is in order to gather power for a bullish move.

However, there is a chance for three probabilities.

The chart may print the signals as a direct impulse from the current price action.

Or else a correction in the bear ground and an impulse towards up.
If it correction and impulse mean, the forming of impulse point will differ.

Have a close look on the chart and decide your trade.

SIGNAL SPECIFICATION:

Pair: EURUSD

Order: BUY

Entry: 1.16641

Pending entry 1: 1.15996

Pending entry 2: 1.15669

Take profit: 1.17947

Stop loss: 1.15348

Risk Vs Reward:1. 01
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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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follow our updates for more profitable trades.
Trade active: Finally, after a long struggle PE-2(1.15669) came to existence.

At the point (PE-2) the market printed an nice impulse and reversed the trend.

I'm expecting a one more impulse to reach the top.

Have a close look on the chart and decide your trade.

Trade active: Like I said in the previous update, signals made 1.15669 as an entry point and got take off to the top.

Henceforth, an impulse yet to form to accomplish the mission.


EYES ON CHART.

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