TradingView
Phils_Ocean
Dec 2, 2019 7:26 PM

EURUSD 2H Update Long

Euro Fx/U.S. DollarFXCM

Description

  • Have a look at my last analysis of EURUSD from last Friday
  • Price made a Fake Breakout to the downside and afterwards its first impulsive move to the upside
  • This Monday morning in London session it corrected to 50% Fib level, where our entry was made

  • Perfekt 1H Pinbar was formed at 50% Fib level and fake breakout below trendline was quickly bought.
  • This 1H pinbar evolved to nice engulfing 4H candle giving us a clue, that market will rise further.

  • Market sits currently at last high and the way it approached it, lets m suggest it will advance much higher and even overshoot the previous higher high.


  • We should see 1.13 in next weeks

Comment

More