EUR/USD
Date: August 19, 2016
H4 Graph: Choppy, Short term long trend
The price had an impulse up and its making higher lows with diagonal support. The price also broke up the resistance at 1.12350 and also has a closed bar above 1.13000. The short term long. New long positions can be opened with small risk around 1.12700, after small correction and when the price is close to the diagonal support.
Alternative Scenario: If the price continue to fall and below the diagonal support and below 1.12200, will cancel the bullish view.
Technical Indicator:
DEM (14): Still not in overbought zone
Price for Entry long around: 1,1270 after small correction and close to the diagonal support
SL: 1.12200
Jr. Trader - S. Fuchedzhiev
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