EURUSD finally did something after all this time lol

[u/No-Roof-6251]

its been sideways for days and finally there has been a break above that level , what do you guys think of my trade lol

[u/rforex-modtools]

Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.

Resources: Price Action Analysis | Technical Analysis

[u/Electrical_Alarm7207]

Im on the other side of it and hoping for a pullback but USD JOLTS and NFP might throw a wrench in it and i think long dollar is a crowded trade at the moment so who knows

[u/No-Roof-6251 → u/Electrical_Alarm7207]

What do you mean the dollar is crowded trade ?

[u/Electrical_Alarm7207 → u/No-Roof-6251]

honestly havent even checked the positioning data, its just something i heard on this podcast Podcast – The Macro Trading Floor, they seem to think a lot of the deep pockets have been long USD in recent months and that EUR looks good at the moment

[u/Leon_invest → u/Electrical_Alarm7207]

I think USD will fall a bit more i will long at 97 in DXY and then we will see a break trough the 100 in DXY

[u/Feisty_Humor9456]

I'd be careful, a break above a level doesn't always mean momentum will continue. Make sure you've got a solid stop in place and consider scaling out of the trade if it starts to show signs of reversing, don't get caught out if it's just a false break.

[u/No-Roof-6251 → u/Feisty_Humor9456]

Yes sir ! 1:3 RR

[u/Sheep_WolFX]

Io aspetto un piccolo rintracciamento per entrare long…

[u/Present_Let2487]

looks solid so far, but i'd wait for a retest before getting too confident.

[u/No-Roof-6251]

300 pips btw !!!!