Follow the Trend, Trend is your Friend. That's the setup on
EURUSD
1H bars. The market makes Higher High and Higher Low. The last correction move will be finished soon and it is expected it will be retraced on red box.
1. The price is getting close to structure low, where the most of the buyers orders are placed.
2. Support level at 1.0908 (structure low)
3. Fibonacci retracement 38.2%
4. Hidden Diverge, which is a continious pattern
5. The price is dropping today, so the best level for sellers to lock their profits and buyers to step in 1.0908 area.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - www.trading-library.com
Top 10 Forex Broker: www.best10forex.com
EURUSD
1H bars. The market makes Higher High and Higher Low. The last correction move will be finished soon and it is expected it will be retraced on red box. 1. The price is getting close to structure low, where the most of the buyers orders are placed.
2. Support level at 1.0908 (structure low)
3. Fibonacci retracement 38.2%
4. Hidden Diverge, which is a continious pattern
5. The price is dropping today, so the best level for sellers to lock their profits and buyers to step in 1.0908 area.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - www.trading-library.com
Top 10 Forex Broker: www.best10forex.com
Comment:
Hit buy limit order.
