EURUSD
LOOKING AT MORE UPSIDE FOR EURUSD AFTER A LIL RE-TRACEMENT TO THE DOWN SIDE . As we forecast uptrend for this day, so Forecast suggests buy (limit) above S1=1.1055.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1105.
TP4: R2=1.113.
Set the stoploss of these orders at breakout of S2=1.104.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.104.
In this situation, there is an expectation to reach the target S3=1.097.
Set the stoploss of reverse orders at breakout of S1=1.1055.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1105.
TP4: R2=1.113.
Set the stoploss of these orders at breakout of S2=1.104.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.104.
In this situation, there is an expectation to reach the target S3=1.097.
Set the stoploss of reverse orders at breakout of S1=1.1055.
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