.886 Fib Double Bottom EurUsd Buy

FX:EURUSD   Euro Fx/U.S. Dollar
84 0 3
I posted earlier this week suggesting that if price moved closer to support at 1.085 and 1.08; It would be a great buying opportunity with a great risk to reward scenario. There is no guarentee that this buy will succeed but these are the kind of trades I like to take. You can see that we had approximately 4 Tops near 1.14 and even up to 1.175. We are now trading 1.092 with supports within 50-120 pips. If price reverses we could easily go back to the .618 Fib retracement back up to 1.126. For a 2.6X payout. If this support does not hold at the 1.08 level; I believe we would retest all time lows. May the Bulls ever be in your favor :)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out