Nice Channel To Trade The EURUSD

The EURUSD formed a nice channel pattern giving good opportunities to trade the swing between 1.4990 and 1.5050.

EURUSD
Long: 1.4995
Stop Loss: 1.4980 (-22 pips)
Take Profit: 1.5047 (52 pips)

Managed to enter the trade at 1.4995 and exited at 1.5047 for a nice 52 pips :)

At the time of this writing, the EURUSD looks like trading down again to test 1.4990 and the interesting thing is that there is a long term trendline in Cyan that will provide further support for a bounce up.

Now to see if I should go Short around 1.5050, currently it is at 1.5025.

Happy Trading!