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dutchtrader
Nov 16, 2018 5:09 PM

EURUSD long 

Euro Fx/U.S. DollarFXCM

Description

EUR use long, headed towards 61,8 fib on daily.

reasons to go long:

Monthly rejection of 61.8 fib ( monthly tf )
Weekly rejection of 61.8 and structure created
Daily:
Break of bearish trend line ending first leg of downtrend swing, now heading towards 61.8 retracement which is previous consolidation area

After the 61.8 is hit 2nd leg towards -61.8 is assumable.
It will be a retest of structure, with at the bottom of the structure the filling of the gap of April 20th of 2017 which is still unfilled.
Comments
DikotoMandengue
Goede analyze zit in een BUY
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