EU Retracing - Waiting for 38.2 to enter another Buy.
If you were to watch my last post on EU you will see a full explanation of why I am bullish on EU. We have been looking for EU to retrace so we can find another entry on EU. We finally see the beginning of the retracement. Being the fact that the Bullish action is so strong I do not see price pulling back more than 38.2 on the fibs but my target for the retracement is the green box. After we get to 38.2 I will be waiting for a Bullish engulfing candle at that point for an entry to the upside. Once we receive that I will set my first target for a TP at -27% on the Fibs after that -61.8%. about 100Pip moves! :)https://www.fxpronow.com
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.