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InkyGrip
Aug 31, 2023 4:53 AM

EURUSD time to retrace 🦐 

Euro / U.S. DollarFOREX.com

Description

EURUSD on the 4h chart created an impulse to the upside and tested the 1.09400 at the 4h resistance area.
The price after an impulse can èrovide a retracement to the 0.382 or the 0.5 Fibonacci level.

According to Plancton's strategy IF the price will provide us a sign of inversion on those level we can consider a nice long order.

Comment

testing the 50%

Comment

bounce over the 0.618 Fib
Comments
Sphyn-Trader
I think it will continue its downside movement :(
InkyGrip
@Sphyn-Trader, we always wait for confirmations first
RLinda
I think you got the key elements right. Great perspective on the market)
InkyGrip
@RLinda, lest wait and see
Investing_Trading
Excellent Analysis.
InkyGrip
Solldy
A good entry point for profitable trading. But the alternative scenario is unclear. What is the clear expectation plan?
InkyGrip
@Solldy, the one in the description
FirstNameHelen
Nice one dear , thanks for sharing !
InkyGrip
@FirstNameHelen, cheers dear
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