This is my analysis on EURUSD. Based on the charts I can see that the pair has been rejecting the area in the blue box. The Exponential Moving Average and the Moving Average have not crossed yet on the H1 time frame however as time passes im sure that it will. As the Relative Strength Index(7) is pointing up as well as the Stochastic which I used as a (14,3,3). I've placed a buy and a Stop on this idea, However I dont recommend YOU take this trade on a REAL Account. Trading Comes with substantial risk, and I have only been trading for 4-5 months. I have not had a high enough win rate to be giving out signals that others should take on a LIVE account. You can take it demo if you would like, but open a new demo account for my trades so that way you can see my win rate. As I start to build it up.
Trade closed: target reached:
Take partial profit, if you twin traded it. If not close out the position. We will wait for the markets to signify the the area as support and ride it out to the next fib level.
Trade closed: target reached:
If you held from initial entry to the next Fib level if you were twin trading you pulled in an extra 94 pips, for a total of 157 pips. Thats insane for my first public trade.