TheBulltrader
Long

.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 :)
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