EUR/USD Long Setup

by: Colibri Trader

Dear Traders,

I have spotted a nice EUR/USD long setup.

  • There is a re-bounce off the 1.25 area and the candle formation on the bottom is close to a bullish-engulfing pattern. Although, it is not a full bullish-engulfing pattern, the daily candle from today shows hesitance on the sell-side. This might mean only one thing- buyers would rush in and push the price up for at least a minor correction.
  • I am looking to place my stop below the level of 1.2495.

 

Colibri Trader

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