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EUR/USD just show a Buy Signal

已更新

Currency rate broke up key level 1.1533. On the chart we see that the price bounced 4 times from that key level.
There was a fake broke of that level on H4. I think it is a signal for continue of trend.

The reasons why we should open a LONG entry:
1. The price broke up key level. If the price upper key level it is better to open entry for continue because most of the time currency rate continue its trend.
2. Low and predictable risk.
3. Potential profit in 4 and more times bigger.

Buy near: 1.1550
S/L 1.1513
T/P: 1.1738
T/P2: 1.1620

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交易开始

注释

The price moved 20 pips up.
Move S/L to 1.1528

注释

If the price will move up and broke up key level 1.1624 after that we can move stop loss into breakeven and close port of deal.

注释

30 pips into our derection
so soon we will be able to move S/L into brekeven

交易结束：到达目标

The price hit T/P2: 1.1620
you can close 30 – 50% of position.

注释

Weekly overview

Currency rate broke up key Zone. 1.1510-1.1550 and D1 close upper it. That was a signal that middle-term trend has changed on bullish. On the chart you see, I opened buy at 1.1554 with goal 1.1736. I think the best option will be to open a Buy after pullbacks.

On next week the price can move to Mirror level 1.1794. Long-term goal for this new trend is 1.2180.

For Short position there is't any safe option