Exiting times for the Euro
Here is my setup for the EURUSD this month. As it gets some traction and showing very bullish behaviour, we finally touched the resistance of Nov 2016. That was very exciting moment, but I would like to see it breaking before closing my current position.
An conservative estimation is to break 1.12 by the end of the month. However, there is space to retrace back to the bottom line of the 2017 trend, which might be good time the load long positions.
entry ~1.086 - 1.091
tp: ~ 1.1195 - 1.1245
sl: ~1.082
or if it breaks the trendline
tp: ~1.3275
An conservative estimation is to break 1.12 by the end of the month. However, there is space to retrace back to the bottom line of the 2017 trend, which might be good time the load long positions.
entry ~1.086 - 1.091
tp: ~ 1.1195 - 1.1245
sl: ~1.082
or if it breaks the trendline
tp: ~1.3275
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