EURUSD Trading Setup

by: Colibri Trader

Dear traders,

The trade from last time did perform very well so far. Crude oil has already gained over 100 pips. I still don’t see a reason to close this trade. I am not looking to add more either. I will keep on watching the intraday action and decide if a reversal is due course.

EURUSD Trading Setup

The trading setup from today comes from EURUSD. I can see a clear pin bar or bearish rejection on the daily timeframe. This is counter trend, but at the same time is just sitting around the major support zone around 1.0500. I will be looking to enter in a long trade at around 1.0389. My stop loss will be just under 1.0348. My target is the level of 1.0535.

Happy trading,

Colibri Trader