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Eurusdbuy

EURUSD BULLISH OUTLOOKThe EURUSD currency pair was trading in downtrend channels on the daily graph from middle of June, but yesterday it broke the resistance barrier of the channel, which is a signal for a bullish turn of the currency pair. Technical indicators like MACD and RSI are confirming the bullish trend as well. If this trend continues we might see the price of the instrument moving above par levels and heading towards 1.02 levels. In the opposite scenario the price might revert and try to test support levels of 0.985 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
EURUSD BUY Trade Update First Target Yippy :)Just a quick update on the EURUSD trade that triggered last week we have hit the 1.00 level which was my fist target as explained in the last post so have closed 50% of the position and moved stop loss to entry price. The next target is the previous Monthly support around 1.03 and then the monthly SUPPLY/SELL zone higher up. If you read the related posts you will learn the importance of knowing what is going on in the HTF charts and then using lower timeframes for pinpointing entries, also keeping your trading as simple as possible is the key.
Long
by TheFxAce
4
Update On EURUSD BUY Idea Trade Triggered Just a quick update on the EURUSD BUY trade idea I posted last week were I wrote that I was waiting for my indicator to give me a BUY signal as we entered the 2001 DEMAND/BUY zone you can read the full idea in related ideas below. We can see it spiked down below the area at the beginning of the week likely there was a lot of liquidty under the level and we closed the week/month back up inside this zone with my indicator giving me DAILY BUY signal which is what I was looking for. I will hold this position up until the previous SUPPORT level around 1.03 and will close 50% of my postion around the 1 level and move stop to breakeven this could turn into a great long position so will eventually trail the position as it moves along. I did say only a Monthly close under 0.96 would invalidate this trade we got a break below followed by a sharp reversal and close back inside which gives me confidence in this position read the related post to understand why I entered at this level.
Long
by TheFxAce