We look to Sell at 1.6840 with targets of 1.6608 & 1.6550 and a stop of 1.6880
2 positive daily performances in succession. Selling posted in Asia. Bespoke resistance is located at 1.6842. We have a 78.6% Fibonacci pullback level of 1.6840 from 1.6924 to 1.6534. The rally is close to an exhaustion count on the intraday chart. Due to an Ending Wedge formation, we...
Nice bullish momentum building for this pair and we should see that in coming days ahead. I'm expecting a retest to the previous support level before going up. I have placed a buy order at that level and marked the tp and sl for you as well.
LEt me know your thoughts.
Trade safe and good luck.
Saw the market gap down with a strong bullish candle. Further support to the formation of the double bottom position.
The euro index(EXY) is currently in a position of reversal, so we could expect an impulsive move from the bulls.
Possibility of retest of support structure and 61.8 Fib.
Should be enough momentum to reach the blue zone.
Risk:Reward scenarios included for good Risk management. Adjust according to your account currency and risk tolerance.
Very simply strategy, the chart speaks for itself.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too.
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