ForexTrendline

When to enter a trade on EURUSD?

Corto
FX_IDC:EURUSD   Euro/Dólar estadounidense
Yesterday we shared with you the possible retracement and the new target on EURUSD.

Now we're going to see when to make an entry.

Everyone is looking for the best possible entry.
We all want to open a trade and to se price going in our favour immediately.
In order to do that we have to be patient and to follow price action closely.
We should be looking for the exhaustion and a reversal signal as well.

Right now it's very likely to see market going up to 1,1780.
And right around there we should be looking for any reversal signals.
This could be on a smaller timeframe or we could also watch out for a candle close on H1.
In case we see a candle with a long upside wick or an engulfing candle, then that would be our entry.

Make sure to follow our daily analysis to see how this situation develops.
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