EUR/USD BUY (Fibonacci retracement) βœ…

FX:EURUSD   Euro / U.S. Dollar
I've tried my best to analyse this chart as much as i can so all of you, no matter of your trading ability, can understand πŸ’―

So what i used was the Fibonacci Retracement tool to give me a good support and resistance line to use as i noticed there was strong impulses (Strong moves) going up then once after the impulses a retracement (Pull back) was occurring previously on the chart so i used this data to predict what was going to happen next.

I used this information to create a stop loss and take profit for this trade as you can tell the chart is temporarily heading in a uptrend due to it bouncing of the fibonacci resistance.
TP @ 1.08540
SL @ 1.07827

If you do want to enter this trade as soon as the market is open i recommend waiting roughly a hour as the spread will be high.

Trade smart, Trade safe

If you would like any assistance feel free to message me πŸ˜€
Trade active: Currently in profit, Join now if you haven't already!


Very detailed and simple to understand analysis πŸ‘
+1 Reply
TradingWithFK Andrewtrading212
@Andrewtrading212 Thank you 😁
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