Buy EURUSD@1.3998  SL:1.3959  TP:1.4097

EURUSD has pushed hard to the upside.  There is nothing on any higher timeframe chart to suggest this will change.  The 1.4000 area contains a confluence of support.  The 1.4000 area is a phychological support area that has proven itself over and over.  It is the 38.2% Fib retracement price, and has the added benefit of being the daily pivot point.  From a pivot trading perspective, we are above the pivot point
and should be trading long.  For my signal service I’ll get this stop loss down to about 15 pips as price approaches the entry point.  I want to be clear of this trade by tomorrow morning’s New York session.

Filed under: The Inside Bar

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