Friday, October 19, 2012

EURUSD Long Trade Setup

I am watching this triangle since past few sessions. Details [here].

myfxvoyage.blogspot.com EURUSD Long Trade
EURUSD H1
I am maintaining bullish view on EURUSD and opportunity to go long is coming up.




I am looking for a pullback towards the trendline area to pull the trigger on long trade. Stop will be on a break & close below triangle's lower trendline.


myfxvoyage.blogspot.com EURUSD Long Trade
EURUSD H4


On H4 chart, price is moving up in a rising channel. There has been a false up break but then the pair came inside the channel. 200MA also comes close by the channel.







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