EUR/USD bullish reverse in action
Updated
Hey Everyone!
I have taken EUR/USD long this morning as you can see it on the picture.
All in all, I believe it's a good trade and still has a valid point to enter.
I have taken EUR/USD long this morning as you can see it on the picture.
- Strong bullish movement in the past month
- The last 4-6 days show a clear strength of EURO
- Daily Chart signals engulfing candlestick pattern
- A strong bounce from an Hourly trendline was expected (not on the picture)
All in all, I believe it's a good trade and still has a valid point to enter.
Note
The trade is already in 1:1RR; will be managed closely, target is at least 1:2RRNote
Trade is in 1:2RR !! Moving on to 1:3 and that will be the last step.Note
IT'S OVER! 1:3RR HAS BEEN ACHIEVED.Trade closed: target reached
Today's eurusd has been closed. 1:3.2RR
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