EURUSD Hourly - Simple, could it hold?

Double top followed by 0.618 retracement after the break of the "v" point of the tops.

This also coincide with the highest high (opening) of candle seen 2017-04-23

Makes nice structure, the V point together with the opening high, and the 0.618 fibonacci.

Lets see where this bus takes us. Two targets set up.

Note

Just before our target one, at a few moments after EU press conference we saw a big bullish move, almost completing a bearish gartley

Still in with a small position entered at 0.9285

Note

Double bottom at previous support with bullish divergence. Securing 48 pips with stop loss.

Note

Stop loss seen on above image got hit, roughly 50 pips.

First position got stopped out with -20 pips, meaning 30 pips in total.

timmynorin

Also on:

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.

timmynorin

Also on: