We broke the range and we have price making a correction to retest the broken range which coincides with 50 and 61.8 Fibonacci levels. This will provide a good opportunity to buy EURUSD. We should trade with confirmation though as price on the daily is within an inside bar. if broken on the lower then the setup could fail as well.
Note
INSIDE BAR CHANNEL TO WATCH OUT FOR
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Related publications
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.