I have been riding down the eurusd since the lowest high. Took profit on my trend line catching my 180 pip profit
Today is slow in the world however if price reaches 1.08837 and confirms a close below I will continue to short and my profit will be set at 1.08274 for about 50-56 pips
However, it might shoot back up to the .5 if we look at those beautiful retracements and trend line.
If the market moves up and the fib fails I will only go long if it closes above the lowest high at that point the chart will end its bearish movement and start a bull trend at least until it hits my initial higher high. I highly doubt the path is full north. Looking for the short.
Today is slow in the world however if price reaches 1.08837 and confirms a close below I will continue to short and my profit will be set at 1.08274 for about 50-56 pips
However, it might shoot back up to the .5 if we look at those beautiful retracements and trend line.
If the market moves up and the fib fails I will only go long if it closes above the lowest high at that point the chart will end its bearish movement and start a bull trend at least until it hits my initial higher high. I highly doubt the path is full north. Looking for the short.