EUR/USD bullish reverse in action

May 22, 2017

Hey Everyone!

I have taken EUR/USD long this morning as you can see it on the picture.

• Strong bullish movement in the past month
  
• The last 4-6 days show a clear strength of EURO
  
• Daily Chart signals engulfing candlestick pattern
  
• A strong bounce from an Hourly trendline was expected (not on the picture)
  

All in all, I believe it's a good trade and still has a valid point to enter.

May 22, 2017

Note

The trade is already in 1:1RR; will be managed closely, target is at least 1:2RR

May 22, 2017

Note

Trade is in 1:2RR !! Moving on to 1:3 and that will be the last step.

May 22, 2017

Note

IT'S OVER! 1:3RR HAS BEEN ACHIEVED.

May 22, 2017

Trade closed: target reached

Today's eurusd has been closed. 1:3.2RR