EURUSD LONG

27 Jul 2021

EURUSD BULLISH - DAILY TIME FRAME



Below are my reasons for setting EUR/USD on a long trade

1. FROM THE INDICATOR+CHART ANALYSIS, I CAN
SEE A BULLISH DIVERGENCE THERE, WHICH IS
POINTING TO BULLISH RUN FROM EUR/USD SOON


*2. DYNAMIC SUPPORT AND RESISTANCE (EMAs)
WE CAN SEE THE 10-PERIOD (BLACK COLOR)
BECOMING DYNAMIC SUPPORT, AND ALSO THE
PRICE IS MOVING CLOSER TO 20-PERIOD (BLUE COLOR)
WHICH WILL TURN THE 20-PERIOD INTO DYNAMIC
SUPPORT AS WELL WHICH ALL MEANS UPTREND

TRADE SETUP

*TRADE TYPE: SWING TRADE

*CALL: LONG

*ENTRY: STILL GOOD TO ENTER NOW

*T.P: 1.19430 (NEAR-RESISTANCE)

*S.P: 1.17520


*PIPS IN T.PROFIT: 1360 PIPS (FROM 1.18070 AS ENTRY PRICE)

*PIPS IN S.LOSS: 550 PIPS (FROM 1.18070 AS ENTRY PRICE)

*RISK-REWARD-RATIO: 1:2.5

Drop your thoughts on this, if you think as i do, or otherwise... Let's trade and win together.
And don't forget to follow me, i will follow back as well.

28 Jul 2021

Dagangan aktif

400 pips in profit, still moving... just updating y'all
And also, 20-period EMA has also turned dynamic resistance now, so a close price above 1.189 will tends to add more momentum to the bullish movement