EUR/USD Daily Bullish Counter Trade 

EUR/USD Technical Analysis

  • EUR/USD Morning star/CBR combo
  • Daily is strongly bullish
  • Pinbar rejections 
  • 1.0020 is the ATR projection high
  • 1.0079 is the potential target


D1 Chart EUR/USD

  1. Support line
  2. Swing high
  3. Pinbar rejections
  4. Morning Star emerging/CBR
  5. Final bullish target

The EUR/USD has a strong momentum on a daily time frame. We can see that the price is making a bounce above the horizontal line of support which is in line with M L3 pivot point. We might expect the price to push further up if the level holds. The first intraday target is 1.0019 which is the ATR projection high. A strong open is characterized by CBR and Morning Star patterns off the support. Both are bullish. This is a counter trend trade.

The entry came after the Morning star/ CBR signals. As I am a bit late in the entry I entered with 0.5 % risk and I will add 0.5 % on a retracement towards 0.9840. I expect the bullish move to continue as the ECB signaled more aggressive monetary policy.

This analysis, and all entry signals and targets are a part of the Megatrend system and a trading course. I am maintaining 1 long trade on the EUR/USD. I will add 1 more entry on a retracement as a part of my risk management portfolio and system. My Telegram group received a long EUR/USD signal as a part of the trading method. Watching the daily time frame for this trade and it has been qualified as intraday trade with a potential for intraweek trade towards Q L4 camarilla pivot.

Summary of August trading results is HERE(click to see)

Cheers and safe trading,


Leave a Reply

Your email address will not be published. Required fields are marked *

5 keys how to instantly
improve your trading

Enter your email below and download the guide!

To get a discount on all my services open the account by clicking on XM banner below

71-75, Shelton Street, Covent Garden, London, WC2H 9JQ

Past perfomance is not indicative of future results. We don't offer refunds!