alphatira

EURUSD Long

Long
alphatira Aggiornato   
OANDA:EURUSD   Euro / Dollaro
7
EURUSD

Looks oversold and can make quick 20-25 pips profit.

- Closing the day up, the EUR/USD pair establish itself above the 23.6% retracement of its latest bearish run

- Although the lower low daily basis has somehow increased the risk of a new leg lower for the upcoming days

- The pair has been steadily rejected from advances beyond the 1.0600 figure. However the price has recovered above all of its moving averages that anyway have turned horizontal in the 4 hours chart - a clear indication of the absence of directional strength

- While the 20 and the 200 SMAs, stand quite close to the mentioned Fibonacci level.

- Technical indicators indicates an oversold and due for quick profit gain.

As usual I'm in for 20-25 pip profit. Ride with me!
Trade chiuso manualmente:
Target reached and closed. Hope you guys took this trade!
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