Possible impulse to the upside EURUSD

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Note

If the price breaks below 1.1150 the trading idea must be reevaluated because the most inmmediate downtrend must be redrawn ... lets see how it goes

Trade active

Note

The risk is below the Last Swing Low

Note

Note

At this point one could expect two things:

1 ) A possible movement around the upper limit of the trend channel area, place that also concur with a more consolidated down trend line of a higher time frame (look at the daily)

2) If the price fails to find followers to the upside, a break of the up trend line (Lower limit of the uptrend channel) could show a signal of weakness an the long position must be evaluated closely

Note

Taking partial profits

JaimePantoja

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JaimePantoja