There was a Short Opportunity @ FIB 50% today.
BUT did not take it..
see DAILY Chart :
AS EUR/USD is still LONG Bullish Trend for now..
Would Rather wait for:
1- Price to move towards FIBS 23.8% (1.2275) Zone
> Where there is a PRICE congestion since 12/2017 form. (ZONE)
> Where also a TREND LINE Meet . (Form Since 04/2017)
2- ENTRY Zone : Between 1.2495 & 1.2055 (Fib 23.6% 1.2275 being the MEAN)
> Look into H4/H1 for ENTRY
> Look for PinBar / Engulfing etc
> Look for PULL BACK !
TRADING Not an EXACT SCIENCE - Look For OPPORTUNITY !
Be NIMBLE - MANAGE Your RISK & You Will Be OK !!
BUT did not take it..
see DAILY Chart :
AS EUR/USD is still LONG Bullish Trend for now..
Would Rather wait for:
1- Price to move towards FIBS 23.8% (1.2275) Zone
> Where there is a PRICE congestion since 12/2017 form. (ZONE)
> Where also a TREND LINE Meet . (Form Since 04/2017)
2- ENTRY Zone : Between 1.2495 & 1.2055 (Fib 23.6% 1.2275 being the MEAN)
> Look into H4/H1 for ENTRY
> Look for PinBar / Engulfing etc
> Look for PULL BACK !
TRADING Not an EXACT SCIENCE - Look For OPPORTUNITY !
Be NIMBLE - MANAGE Your RISK & You Will Be OK !!
Trade closed manually
TRADE Did MOVE LONG but Via Breaking 1.23475 (Above Congestion Point)Cheers
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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.