Eur-Usd
The Eur had a massive rally mid-day, just after the pair sold off to supports at 1.29730,gaining over 160 pips in under 8 hour of trading. The mid day rejection left in its trail a well defined bullish pinbar.
I am now bullish biased on this pair due to that very huge and obvious off bounce off and looking to go long on a buy limit order. Very notable and convincing about the fact that the crash of the EU is likely over is the fact that the reversal occurred at the all important 50 Fib retrace level - a level professional trades look at.
The bullish close plus long tail of the bullish pinbar is another strong supporting factor.
Trading action
Buy (limit) @ 1.30792
Stop loss @ 129709 (110 pips)
Take profit @ 1.31318 (235 pips)
Just like with any other trade, this setup is prone to failure so please manage your risk very well. Good luck
