A long trade opportunity has just presented itself on the EURUSD chart with a bullish engulfing candlestick pattern slightly above the 1.08094 Daily Horizontal Support Level.
This signals a Rejection of the support level and hence a buy trade; a 5.9 Reward-to-Risk Ratio is possible with a stop at 1.07998 and a target at 1.09523.
This is just my idea and not a piece of trading advice.
Happy trading!
This signals a Rejection of the support level and hence a buy trade; a 5.9 Reward-to-Risk Ratio is possible with a stop at 1.07998 and a target at 1.09523.
This is just my idea and not a piece of trading advice.
Happy trading!