Since the begining of the year the EUR has moved a LOT in some pairs, so far so good nothing last forever, and price need to breath. I'm looking to capitalize in the correction of this very move.
Following the from December 10th we can see that the price did respected it very well, now we are in a place where we have multiple confluences.
An move completing just a little above that . A newly formed that completes close to that same area, and then when we draw fib extension from our AB leg of the it also have a minor fib (1.414) just in the same spot.
I want to join in the 1.618 completition point of the , and placing my stops just above the 3.618 that would invalidate that pattern.
Target profits the (X) point of the .
Good luck traders, my first trade of the year.