Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
EURUSD fib levels
eurusd is pulling up after down-trending to 1.065
# possible short after rejection under 1.085 , 23.6% fib
# possible long after breaking 1.085 price level + confirming 1.085 as support, Tp1 at 1.1074 ( 50% fib) or Tp2 1.1174 (61.8% fib)
remember all direction need confirmation before opening
Sell below 1.1264. Stop loss at 1.1301. Take profit at 1.1159.
Reason for the trading strategy (technically):
Price has reached our selling area and is testing that level. We remain bearish below major resistance at 1.1264 (Fibonacci extension, horizontal swing high resistance) for a further drop towards 1.1159 support (Fibonacci retracement, horizontal overlap...
Buy above 1.0600. Stop loss at 1.0562. Take profit at 1.0704.
Reason for the trading strategy (technically):
Price has started to bounce really nicely and is approaching our profit target. We remain bullish above 1.0600 support (Fibonacci retracement, horizontal swing low support, ascending support) for a further push up to 1.0704 resistance (Fibonacci...
Sell below 1.0711. Stop loss at 1.0758. Take profit at 1.0623.
Reason for the trading strategy (technically):
With the break of our long term ascending support-turned-resistance line, we turn bearish below 1.0711 resistance (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a drop to at least 1.0623 (Fibonacci retracement, recent...
