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theforexarmy

EURUSD Profit target reached perfectly, time to start buying

Panjang
Euro / Dolar A.S. (FX:EURUSD)  
theforexarmy  
FX:EURUSD   Euro / Dolar A.S.
EURUSD eurusdshort eurusdidea eurusddaily eurusdnews eurusdlong USD EUR eurusdanalysis eurusd1hr eurusdlongsetup eurusdsell eurusdprediction
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eurusd eurusdshort eurusdidea eurusddaily eurusdnews eurusdlong usd eur eurusdanalysis eurusd1hr eurusdlongsetup eurusdsell eurusdprediction
Buy above 1.0500. Stop loss at 1.0430. Take profit at 1.0680.
Reason for the trading strategy:
Price dropped nicely and reached our profit target as expected. We now turn bullish above major support at 1.0500 (Fibonacci retracement, Fibonacci extension, horizontal support) for a push up to 1.6800 (Fibonacci retracement, horizontal swing high resistance).
RSI (34) is displaying bullish divergence versus price which signals a bullish bounce is fast approaching.

Idea Berkaitan

theforexarmy
EURUSD dropping perfectly, remain bearish
Penafian

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