EURUSD is heading towards major rejection area. few possible confirmation points are':
1. Aligns well with Daily and H4 Fibo level
2. Aligns well with Daily TL
3. DXY is at possible reversal stage
How to trade this idea?
- Once we see a rejection around marked area, we will wait for break of structure.
- Once BOF Structure happens on HTF, we will look for possible OB to enter the trade.
Note: If the trade goes as planned, I will post entry levels to this idea.
Please add your thoughts in comments. Like and Share
1. Aligns well with Daily and H4 Fibo level
2. Aligns well with Daily TL
3. DXY is at possible reversal stage
How to trade this idea?
- Once we see a rejection around marked area, we will wait for break of structure.
- Once BOF Structure happens on HTF, we will look for possible OB to enter the trade.
Note: If the trade goes as planned, I will post entry levels to this idea.
Please add your thoughts in comments. Like and Share
Comment:
If 1.2120 area is unable to hold, we will be looking at 1.2170 for next possible reversal
Comment:
Price respecting our Idea. We will wait for Break of Structure on H1 and H4 to find exact entry levels. Stay Tuned.
Trade active:
After a slight manipulation around daily TL, we can see price is now heading down.
We are looking to enter on retracement around 1.20800 area and targets are as follow:
TP1: 1.20400
TP2: 1.19500
TP3: 1.18400
TP4: 1.16250
We will keep targets updating as price moves.
We are looking to enter on retracement around 1.20800 area and targets are as follow:
TP1: 1.20400
TP2: 1.19500
TP3: 1.18400
TP4: 1.16250
We will keep targets updating as price moves.