EUR/USD weekly outlook:
On the Daily view it looks like a trend reversal has begun for buying opportunities now. This H4 view seems to provide further confluence for my LONG bias next week pending a retracement back down to the 50 - 61% FIB range. Using a 15 PIP stop. Risk/Reward is 1:14!!!! I've got 3 Take Profit targets I'm expecting to see reached as the week progresses. Good luck traders!!
On the Daily view it looks like a trend reversal has begun for buying opportunities now. This H4 view seems to provide further confluence for my LONG bias next week pending a retracement back down to the 50 - 61% FIB range. Using a 15 PIP stop. Risk/Reward is 1:14!!!! I've got 3 Take Profit targets I'm expecting to see reached as the week progresses. Good luck traders!!
Comment:
Depending on how price reacts on the retracement back down into the FIB levels outlined we may have to adjust the BUY Zone. If 1.20089 doesn't hold strong the BUY Zone will be adjusted to entry @1.2000 - 1.1980. Profit targets remain the same...
Order cancelled:
Price took off without a good retracement for entry as outlined in my trade plan. Will reanalyse