It has been observed that a bearish bat pattern has formed on the EURUSD Hourly chart at an important resistance zone to further suggest a short.
Short Entry:1.0815
Target 1 : 1.0633
Target 2 : 1.0524
Stop :1.0883
Keep trailing stops as per your R:R
EURUSD chart looks very good for long setup.
It shows confluence of parameter of Divergence+trendline support.
Which is sufficient for me to take trade.
Always use SL: 1.03 and hold like investment.
First Idea here, so please trade at your own risk and do advice and suggest anything I can improve on :)
A long can be taken in EURUSD as the price has taken support at the short term trend line along with a buy indication at the stochastics.
Target 1: 1.07476
Target 2: 1.07738
Stop Loss: 1.07112
Symmetric Triangle on EURUSD and it may break either side.
Trade for Long:
Buy above - 1.05490
Target 1 - 1.05780
Target 2 - 1.06070
Stop loss - 1.05105
Trade for Short:
Short below - 1.05100
Target 1 - 1.04870
Target 2 - 1.04505
Stop loss - 1.5490
Fundamentally it probably make no sense to buy Euro but looking at divergence in ROC & price it looks like euro will move up from here the move can be very short term or long term i have no clue about it, but if we look in the past history data it gave really good calls.
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