This trade is based on the retest of the blue channel. We have the 61.80% fibs of the last retracement, the uptrend channel
in yellow of two trendlines
, and in our entry point their is a major supply&demand zone and this give us a major support for our little swing. EURXXX is very strong this last few weeks so we trade with the trend and we only buy a retracement of the big move.
Enjoy:) and go check out my profile for more ideas!