iamodus

first pips of the week

FX:EURUSD   Euro / U.S. Dollar
EU have been on an ascending channel in the 4h time frame so I will only be looking for a buy trade
on 4h chart I identify two major resistance which are not that significant on this bias
there are R1 =1.22091 R2= 1.21702
on 1h chart I identify a significant resistance turn support which is 1.22406
price is more likely to retrace mostly at 0.382 fib level (1.22430)
so I will enter at that level with a sniper entry
RR = 1:5
SL= 1.22385
TP= 1.22685

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