EURUSD fibo bas been faithfully hitting 1.618 / 2.618 levels before trend turning since 2017 (scroll backwards to see fibo charts). However this is a tricky one, with EURUSD hitting a double fibo dip prior to this trend turn to bull.
It did a perfect 61.8% level retracement and looks set to continue towards 1.618 level from here.
Midterm target: 1.1470
1st stop: 1.0980
2nd stop: 1.0880
Risk / Reward ranging from 2-6X depending on entry level.
Good luck and please like this post to support more ideas in future! =)
It did a perfect 61.8% level retracement and looks set to continue towards 1.618 level from here.
Midterm target: 1.1470
1st stop: 1.0980
2nd stop: 1.0880
Risk / Reward ranging from 2-6X depending on entry level.
Good luck and please like this post to support more ideas in future! =)
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.
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.