EURUSD covered shorts with nice surprise long trade

Going into last week I had a double top scenario with shorts at 2088 and 2050 but as the last low on the daily was not broken and when we had our first up day it was a sign to cover and go long for an ABC trade. Bought at 1971 and closed 2050 position with a nice profit and we let 2088 close on stop before entry.

Turned out to be a nice trade and closed above the 75% of the last 2 day range, our next target being the 100% point next week

Yorum:

Still long at 1971 but updated idea here on 4H chart combing daily analysis www.tradingview.com/chart/wJ6w7DYT/