Sebatrader1
Long

Buy the Breakout EUR/USD Bullish Expectation

FX:EURUSD   Euro / US-Dollar
Hi guys,

Here some analysis on the EUR/USD             pair:

After some macro indicator such as a stronger non farm payroll in USA which showed higher wages, the DOLLAR got stronger and we saw a correction on this pair. Technically, the price has rallied since a long time and this might be just a natural correction.

Currently, the trend is still up and I expect the price to go up around 1.22 where there will be some resistance and perhaps a consolidation and eventually a breakout.

Here is the trend set up:
- A nice consolidation has been formed + a DB            
- We can see a front running indicator,higher low supported by a big green engulfing candle
- The price is lying on the upwards trend channel
- Put a BUY LIMIT on the breakout of the consolidation, around 5 pips.
- Risk reward around 1:1.8 targeting the major DAILY resistance, around 1.21-22

If you liked my analysis feel free to leave a comment or a like.

Cheers,

Sebastiano
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden