EURYEN : Price is supported by buyers @ the 23% daily fib level
Updated
EURYEN : TRADE STILL ACTIVE
Price is supported by buyers @ the 23% daily fib level. Here again we are sitting and letting the market do its thing as we do have absolute stop placement in this trade , which means if the stop is taken the whole idea of selling will be nullified.
So far , the context looks good and prices being supported @ the 23% daily fib level looks like a natural market behaviour. As long as prices remain contained under the overhead static and dynamic resistance levels and our stops are saved , we for sure will be staying with our position and will let the market play.
Please check the linked posts to see the original trade idea and reasons!!!
Price is supported by buyers @ the 23% daily fib level. Here again we are sitting and letting the market do its thing as we do have absolute stop placement in this trade , which means if the stop is taken the whole idea of selling will be nullified.
So far , the context looks good and prices being supported @ the 23% daily fib level looks like a natural market behaviour. As long as prices remain contained under the overhead static and dynamic resistance levels and our stops are saved , we for sure will be staying with our position and will let the market play.
Please check the linked posts to see the original trade idea and reasons!!!
Note
As price has taken some support here @ the 23% daily fib level , we expect now prices to test the highs again before we can see (if) prices plunging down to our target level & we must move our stops further 10 pips away to avoid getting sucked in the market noise.
Position has got more tricky then we expected. we have had a nice pin bar on the daily rejecting the daily/weekly downwards trendline and also we have had a donwside rejection of the 150exp which has somehow made this trade a bit more risky.
Let's see what develops!!
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