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EURUSD Trade Setup

Posted on Sep 19th, 2017

by colibritrader

EURUSD Trade Setup

by: Colibri Trader

Dear followers,

It has been a quiet week so far. The trading setup from last time is showing bullish signs and I have taken a small profit on it. Today’s candle is is bullish engulfing one and it is highly likely that we will see a continuation of the uptrend.

I am not going long here, because I don’t feel convinced enough. Not all stars are aligned for me. That is why I will pass on this pair.

EURUSD Trade Setup

Today’s setup is coming from the EURUSD. Although, the situation looks similar, I feel more convinced that we might see an uptrend continuation tomorrow.

There is a 4-candle bullish engulfing pattern on the daily chart. It occurred just above a minor support level.

I am looking to possibly enter in a long trade at around 1.1975. My first potential target could be the level of 1.2100. Then, if price action confirms my view, 1.2500.

Happy Trading,

Colibri Trader

p.s.

Check out my recent article on Dealing With a Loss

or write me directly on: admin@colibritrader.com

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