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EUR/USD on Sep 13, 2019

On daily/D1 time-frame of EURUSD:

EUR/USD made a double bottom pattern. At least, it should take out previous swing high made on Aug, 26.

Buy trades can be split into two entries, one at 30% and another at 50% level.

On daily/D1 time-frame of USD-index:

1. USD-index is about to break trend line to downside.

2. It had made a stop grabber pattern yesterday. Yesterday's candle penetrated trend predictor but closed way below it. It's a stop grabber and is supposed to touch or penetrate previous swing low.

This action will support bullish move in EUR/USD.

1 comment

1 Comment

Keon Consultancy
Keon Consultancy
Sep 16, 2019

Risk: 1.0985 was swing low before ECB-turmoil. As well, this price level is few pips below Fib 61.8 of recent thrust up on H4. If H1 candle closes below it, bullish setup should be considered to have failed.

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