TDMarkets

Buy EUR/USD

Buy EUR/USD

On September 4, 2017, Posted by , In Uncategorized, By , With No Comments

Buy EUR/USD at price 1.1903 with a stop loss placed at 1.1808. and TP placed at 1.2051. Analysis done on an H1 time frame. The market is on a downward trend. Which is the reason behind the bullish biasedness on the signal. although based on a higher time frame, we’ve picked up that the market is in the fib zone from a weekly chart. we of the belief that before the market makes a drop it is going to form some sort of reversal pattern from smaller time frames or at the very least break the trend line (support). Until that happens, we are still Bullish on this currency pair. In fact, we are also bullish on EUR/CAD as well, a clear upward trend the market is at support and we are now waiting for a retracement to buy.

 

Posted 11:28

 

04/Sep/2017

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