Nice idea on EURUSD, I agree that price breaking a significant resistance level and a strong bullish candle may indicate a bullish outlook. However, I believe price may be due for a correction after a sustained upward price action and we should keep a close lookout. I have identified an ascending channel and believe that price is waiting to breakout below it, possibly pushing it down towards the 1.1500 levels after correction.
Please share with me what you think about my idea:
TradeTalk_
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@FXTM, 1,15? there is a really looooong way to the 1,15.. Looking at the weekly chart I believe we just got the ignition for another run to the top! Thanks for your comment, I really believe we are going up, but I agree that there must be a correction on the waym that`s why I left such a big stop loss.. haha.
FXCM
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I agree with your bullish view on EURUSD. Our trading signal idea is also of the same bias. If it surpasses its resistance at 1.1788, we believe it might move up to its next resistance at 1.1843. Here’s our idea!
TradeTalk_
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@FXCM-EDU, This is the same thought that I have. Looking at the weekly chart I believe we just started another run to the top, so I`m trying to buy it lower!
USAS_INC
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Thanks for sharing!!!
thiagosilvagomes
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It´s probably a false breakout
TradeTalk_
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@thiagosilvagomes, thanks for your comment, pal. It really could be a false breakout, but, on the other way we just had a false breakout to the down side on the weekly chart.. I strongly believe we are going up.. Thanks agains for your thought!
thiagosilvagomes
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I would not buy against a daily resistance
UnknownUnicorn3538851
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daily brearish pin bar on major key resistance on previous swing 1.18
TradeTalk_
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@fxdon-PA, thanks for your thought. Please take a look at the weekly chart, we had there a false breakout to the downside.. So I believe we are running to the top again!
Please share with me what you think about my idea: