.886 Fib Double Bottom EurUsd Buy

FX:EURUSD   Euro / 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 :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out