Opportunity for a long position on the EURUSD. See chart for confluences but listed below:
Long term uptrend
Loss off momentum around fib 0.5 (Currently looking for a higher low to form here)
Daily candles - spinning top and hammer
Stops below previous low. Target is monthly/yearly resistance @ 1.08600
Long term uptrend
Loss off momentum around fib 0.5 (Currently looking for a higher low to form here)
Daily candles - spinning top and hammer
Stops below previous low. Target is monthly/yearly resistance @ 1.08600
Trade closed: target reached
Stopped out but re entered upon test of fib 0.382 & bullish reversal. Over 170 pips bagged on this trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.