We have an interesting long setup in the EURTRY chart. Go long if we plot a new high, or on retracement to 3.2131, with stops (for either of the entries) under 3.1914. Target is initially a test of 3.3052 but we could march higher, and eventually break resistances and hit the higher targets on chart, but for now, it remains as a possibility that needs further empyrical proof to be validated.
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Cheers,
Link to Tim West's chatroom: tradingview.com/chat/ We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
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"Go long if we plot a new high, or on retracement to 3.2131, with stops (for either of the entries) under 3.1914." New high.
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If you took the trade, leave a comment!
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Heading for target #1. If we don't break and close above it, we might see a retracement or correction begin.
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Close 75% of the position, let the rest run with break even stop forever...
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We can rebuy or add to longs in this zone here. We can finetune the stop loss from the daily chart when price gets there, or we can use a wider stop loss under 3.2.