EUR/USD _ 3rd week of Feb 2021
What information can we get on Daily Timeframe:
1. The price is consistently making a HH and HL pattern
2. Price was rejecting the key level support and already broke my swing high trendline
3. Price is currently heading down for retracement process
Idea for Entry:
a. 50% fibo level for long position which happened to be exactly at the minor support spotted in Daily and 4H TF
1. The price is consistently making a HH and HL pattern
2. Price was rejecting the key level support and already broke my swing high trendline
3. Price is currently heading down for retracement process
Idea for Entry:
a. 50% fibo level for long position which happened to be exactly at the minor support spotted in Daily and 4H TF
Note
* its best to look for the price action before we take any position with proper RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
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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.
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.