Tradingwithtamil

EURUSD: WILL EURO COME TO ACTION AGAIN?-BULLISH

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

The EURUSD Pair moving in a possible resistance throwback zone.

In the chart, after a fall for euro in last week the pair been in a downtrend for a while.

At 1.15195, the market formed an impulse in order to save the pair from down.
That impulse reversed the trend from down.

Besides, after the huge fall for euro , the market moved constantly in sideways (consolidation) to overcome the fall.

The movement in consolidation stabilizing the pair from more down.

In an hour time frame, the chart printing the signals at 1.16391

By the facts, I'm expecting an impulse to reach the top.

Due to the consolidation factor, the signal may hit a target as an impulse at 1.17194

Or else end the trade at next low point at 1.15965

HAPPY TRADING.

SIGNAL SPECIFICATION:

Pair: EURUSD

Order: BUY

Entry: 1.16391

Take profit:1.17194

Stop loss:1.15965

Risk Vs Reward:1.88

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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.
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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: Market moving in the predicted direction. 112 pips up.

An impulse yet to form, to accomplish the mission.

Eyes on the chart and decide your trade.

Trade active: Signals yet to hit the target. EURO came into action.

664 pips climbed up.


follow our updates for more profitable trades.
Trade closed: target reached

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