EURSUD LONG
I had an unpublished trade I took this past week where I went long on the confluence of a bounce off the upward trendline in blue and the breakout of the bullish reversal wedge shown in purple (about 100 pips secured).
The market closed sitting above a key support area around 1.18600. My current idea relies on the price respecting this level but breaking out of the confines of the lowermost downward trendline. A conservative approach to the entry may be to enter when the price closes significantly above the region in purple or to wait for a retest of the trendline.
TP1 is at 1.20700
TP2 is at 1.21700
Stoploss may be placed below the 1.8600 support area.
What are your views? Please leave a like and a comment if you agree. Or even if you don't lol.
Happy trading week.
The market closed sitting above a key support area around 1.18600. My current idea relies on the price respecting this level but breaking out of the confines of the lowermost downward trendline. A conservative approach to the entry may be to enter when the price closes significantly above the region in purple or to wait for a retest of the trendline.
TP1 is at 1.20700
TP2 is at 1.21700
Stoploss may be placed below the 1.8600 support area.
What are your views? Please leave a like and a comment if you agree. Or even if you don't lol.
Happy trading week.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.