Hi guys. Even the EURUSD bears have to admit that the EU is climbing. Well, fine... they don't 'have' to admit it, but they should :D (I'll pay for that one in chat, lol...). I am long the EURUSD with a pretty tight stop and the stop makes sense where it is. This is a pretty clean trade unless news blows it up. We'll see.
The Why: price action tested support and failed. The candle pattern is very bullish.
Stop and Target prices marked on the chart: 1.0592 & 1.0774
NOTE: all of my EU longs since the beginning of the new year have paid out. This is not to boast, just trying to help the EU bears make a few pips, haha.
The Why: price action tested support and failed. The candle pattern is very bullish.
Stop and Target prices marked on the chart: 1.0592 & 1.0774
NOTE: all of my EU longs since the beginning of the new year have paid out. This is not to boast, just trying to help the EU bears make a few pips, haha.
Comment:
Don't let this mornings new bump scary you off. The EURUSD is still long.
