Quote Originally Posted by balut View Post
Weekly Trading Plan:

I'm planning to add another buy position in EURUSD tomorrow once the market open due to its weekly bullish breakout and the recent candle engulfed the last 13 lower candles. Fortunately my previous two buy trades are already locked and safe since I doubt that the price will go down below 1.1718 support. I read on a forex news article that says EURUSD is bullish positive but I don't really know the exact meaning of the term but it sounds really good. Technically speaking the weekly chart shows a classic bullish continuation based on the bull flags candle.


I support your bullish note with EURUSD, as it is sitting on the neckline of the possible inverse head and shoulder pattern that could really lead the pair to move at the 1.20 to 1.21 level this month. If that would happen, I believe that 1.18 area will be immediately pass and tested without any hindrance.
I have plan also to buy the pair this week,

Good luck on your trade mate this week