Charlieab94
Long

EURUSD Long Trade - *WEEKLY FIBONACCI & KEY LEVEL BOUNCE*

FX:EURUSD   Euro / U.S. Dollar
Here is my analysis for EURUSD . I am looking to go long at this region for the following reasons.

1) Price is now at the weekly Fib 0.618 level
2) Price is rejecting the 1.12 key support zone
3) Technically a 4hr higher high was made so this could be a higher low and therefore trend reversal

Stop Loss is around 40 pips to leave it below previous lows through 1.12

I am targeting the previous highs at 1.15 first. The see what happens from there.

*** A Safer option would be to wait for the break and retest of the recent bearish trendline I have marked on the chart.***
Trade active
Comment: Nice bullish momentum coming in today
Comment: Still holding this trade
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out