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MEX_Exchange
Nov 20, 2017 2:04 AM

EURUSD dropping perfectly towards profit target, prepare to buy  Long

Euro Fx/U.S. DollarFXCM

Description

Buy above 1.1692. Stop loss at 1.1613. Take profit at 1.1850.
Reason for the trading strategy (technically):
Price continues to drop perfectly towards our profit target. We look to buy above major support at 1.1692 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.1850 resistance (Fibonacci extension, horizontal swing high resistance) once again.
RSI (34) sees an ascending support holding price up for a bounce.
Comments
JonathanMcBrine
Please email me some good books to read on the strategies you use?
JonathanMcBrine
jonathan.mcbrine@gmail.com
Qays_Kayson
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