SwingingPrime
Long

EURUSD Setup for the coming weeks

FX:EURUSD   Euro / U.S. Dollar
These are my projections based on the level 1 formed on EURUSD .

Please confirm each move with your analysis. Share your thoughts. Thank you.
Trade active
Comment: The fib retracement was a mistake. I must moved it with when trying to put the arrows in place. The lower end should start from 1.08043
Comment: If you are on this trade with me, please close now. Its either a retracement or price reversal, eitherway we can find a better entry. This is just an advice.
Trade closed manually
Trade active
Comment: LVL 2 on this projection achieved, retracement about to begin
Trade active
Trade closed: target reached

Comments

I think EU should break the support nd head to the down side
+1 Reply
@Rudethug, I thought so too, I was previously on a sell. However, Price closed on the 50%fib (golden zone) retracement on friday from a strong move up; that rejected the monthly support and broke the top of the wedge (from last swing high). I am very biased uptrend right now. Moreover, the USD is weaker at the moment
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out