Price movement analysis based on Fibonacci TF 1H
Updated
We see a euro / usd, coming out of the movement of the bearish price, to overcome the committed area in the crossing of HDH (Red Lines).
It would be the possible confirmation of a change in trend, since the environment of Fibo's K is surpassed, an area where the price will create the possible upward reaction.
In these moments the euro / dollar, is taking ground in the line Predictor (Yellow Line), as long as it is not drilled, the upward movement continues in consolidation.
The price is comfortable against OB / OS zones, allowing travel to lost price levels.
My position has market before the possible scenario, is the following:
— Entry at current market prices, around 1.15 / 1.159.
— Stop Loss around 1,157.
— Take Profit at levels of 1,167.
The benefit / loss ratio is 3.3
EURUSD
Hek.
It would be the possible confirmation of a change in trend, since the environment of Fibo's K is surpassed, an area where the price will create the possible upward reaction.
In these moments the euro / dollar, is taking ground in the line Predictor (Yellow Line), as long as it is not drilled, the upward movement continues in consolidation.
The price is comfortable against OB / OS zones, allowing travel to lost price levels.
My position has market before the possible scenario, is the following:
— Entry at current market prices, around 1.15 / 1.159.
— Stop Loss around 1,157.
— Take Profit at levels of 1,167.
The benefit / loss ratio is 3.3
EURUSDHek.
Note
Once we surpassed R1 and R2, we continue on the wave to take profit.Trade closed: target reached
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