Aleksandar_Rose

EURUSD - Potential Trend Continuation Opportunity 15 M

Short
FX:EURUSD   Euro / U.S. Dollar
I have my eyes on a potential 3 drives pattern on EURUSD 15 M, that is aligned with 0.786% Fibo of the last bearish move. If we add 1.618 Fibo Extension of the 2nd wave, look left you will see a small structure zone. If we combine all then we will get a nice kill zone.

In this kill zone I'll be looking for a short entry - the more conservative you can wait for Double Top or perhaps 2168, the more aggressive of you can enter once price is in the kill zone - you will get more than 1:1.5 R/R.

If you're patient you will get a nice Trend Continuation Opportunity.

Good Luck.



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.