In EURUSD we are facing a bullsh idea. First, we see an earlier buy signal a week ago that in turn, hit profit at the bearish trendline. But then what happened? price broke that trendline, hits the 200 ema and with a fibonacci on that, it hits the 38.2 point and reverses. Now, price has hit a key level of 1.14360 and expected to start making its way upwards to the next key level of 1.15400 and a chance it'll move towards the next key level of 1.17350.
We will enter this pair with a buy. Eurusd buy limit Start: 1.14367 Stop loss: 1.13863 Take profit: 1.16900
Trade closed: stop reached
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The pair brought us a fake breakout, we took a lost of 50 pips. we'll catch them next time