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KWFX

Possible Up Trend Continuation (Swing Trade)

Long
Euro / U.S. Dollar (FX:EURUSD)  
KWFX  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis priceactionanalysis swingtrade Fibonacci Retracement buysetup
2
0
trendanalysis chartpattern beyondta priceactionanalysis swingtrade fibonacciretracement buysetup
We have the following factors:

  • Good price reversal zone at 61.8% Fib (respected several times)
  • New high formed
  • Downtrend Channel Breakout
  • Good R&R

Things to expect:

+ Good price action in between the 61.8% and 70.5% Fib Levels
+ Be careful of fundamentals to come on USD

*If this is not met I wouldn't advice on taking this trade, and just wait for it to reach next swing low before searching for new entries.

Comments and Questions are Welcome!
Cheers!
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