Hello guys, I've been idle for a while but I am finally back.
Going long on the EURUSD, got a support line in confluence with a longer term 38,2% fib level. At this level, we were almost getting the morning star candlestick formation until the gap appeared after the weekend. However we do have a upward pattern continuation pattern after this gap. We formed a doji a high close doji. The low of the doji is the stop loss, and the resistance line is the take profit level. Something that is worth mentioning as well is that we are simply following the overall bullish trend. TP is around 120 pips, SL is about 35-40. I have already entered the trade. Price action confirmation is key in being one step ahead of the market pscyhology.
Going long on the EURUSD, got a support line in confluence with a longer term 38,2% fib level. At this level, we were almost getting the morning star candlestick formation until the gap appeared after the weekend. However we do have a upward pattern continuation pattern after this gap. We formed a doji a high close doji. The low of the doji is the stop loss, and the resistance line is the take profit level. Something that is worth mentioning as well is that we are simply following the overall bullish trend. TP is around 120 pips, SL is about 35-40. I have already entered the trade. Price action confirmation is key in being one step ahead of the market pscyhology.