empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

16.10.201908:41 Forex Analysis & Reviews: EURUSD – Pin bar in the trend

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Good morning, dear traders! I present to your attention a trading idea for the EURUSD pair based on the "Price Action" method"

So, yesterday, October 16, the daily bar on the EURUSD pair closed with a pattern called "Pin bar in trend", which you can see on the screen below. This is a clean and high-quality signal to buy any asset, which symbolizes the continuation, in this case, the bullish trend.

Exchange Rates 16.10.2019 analysis

Please note that before the formation of this setup on TF D1, the so-called "Provocation on the mirror" is a rather rare, but high-quality signal for intraday traders and it looks on the screen above the arrow on the mirror level. This is a strong factor in confirming the correctness of the chosen direction.

I recommend taking long positions with a target of 1.10635 and 1.10744, respectively.

Good luck with trading and follow the rules!

Andrey Shevchenko
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off