EURUSD Buy the breakout or watch 618 for long

Hi there,

If you have watched my weekly market outlook then i hope you know what we were looking for on EURUSD in the weekly market. If not then have a look on that for better understanding how to trade on the EURUSD.

EURUSD bounced off from the previous low and having very nice correction which is on its way. Watch for this correct to finish and look for buy. This pair has potential to go much higher then the previous high. You can hold your long after getting in for up to 1.20



How you can trade on this chart.

1. Wait and watch for the correction to complete and Watch for the strong breakout and look for buy.

Or

2. Let the price hit the 618 or 786 of fib lines and then look for buy.

In case price fall sharply and close below the previous low it will change the buy setup but will not change the bigger time frame image which means we will look for buy again on new low.

Good Luck.

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