Already running a long on this since 89.000 but if not in the trade this retrace offers another chance to enter.
Price is now at 0.618 Fibonacci and this aligns with previous structure so if this rebounds from here it is a good long entry. Target remains 92.509 as in the previous post for this pair. SL can be just below 0.786 Fib
This is at a support level which has previously seen this reach the top of a range between 92.500 and 94.000. Before entering any longs we need to see MACD rise above 0 which would suggest this is returning to a bullish trend. Also EMA's cross for long will help confirm this further. If these indicators are confirmed then target is 92.509 with SL just below the...
Price is below the 50EMA & the Daily Resistance Zone with so far alot of buying pressure coming in for all of the EUR pairs.
Reason For Entry- Double Bottom, followed by Engulfing Candle indication of the counter-trend opportunity to go long
SL- 43PIPS🛑
TP- 43 PIPS✅
TP2- 86 PIPS✅
