EUR/USD 4H LONG - LET'S BUY 200 MA & FIB TREND CONTINUATION
Hey guys,
I see an upward momentum on Daily and 4H charts - Weekly 1.13 held nicely last week with buying pressure pulling up the candle into green.
1. On a Weekly chart, I see a momentum building for further upwards move. As 200 MA turns upside, Euro most likely to test range highs of 1.148 - 1.15.
2. Entered the trade around 200 MA 4H levels when 4H candles closed above it.
3. 4H chart is trending up, holding the trendline seen on chart. 1.139 at around 07:00 am showed some support as well, the Fib of 0.236 is also there together with 20MA confirming the pressure up.
My ENTRY is: 1.1414
Looking for a 100-120 Pip move up.
I see an upward momentum on Daily and 4H charts - Weekly 1.13 held nicely last week with buying pressure pulling up the candle into green.
1. On a Weekly chart, I see a momentum building for further upwards move. As 200 MA turns upside, Euro most likely to test range highs of 1.148 - 1.15.
2. Entered the trade around 200 MA 4H levels when 4H candles closed above it.
3. 4H chart is trending up, holding the trendline seen on chart. 1.139 at around 07:00 am showed some support as well, the Fib of 0.236 is also there together with 20MA confirming the pressure up.
My ENTRY is: 1.1414
Looking for a 100-120 Pip move up.
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I took my profits here, too much noise with fundamental data coming in.