Once EUR/USD breaks structure of the previous high on the 15min and comes to retest that high as a new found support, look for a bullish engulfing pattern to confirm a buy order heading towards one of the fibonacci levels.
What your suggestion now where the market go first?
Jay223
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@Nadeem143, 1.4639 - 1.14839 and then possibly continue down again
Nadeem143
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@Jay223, but i think as you mentioned in your chart price touch 61.8 fibo ..... is it not?
Jay223
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@Nadeem143, Forgive me if I don't understand what you are asking but the arrows are not price. I just drew those there as a possible prediction. I'm looking for price to come up to at least the prices I said above, but the market can always do anything and keep climbing. That's why I put a red circle showing to also keep an eye out for this possible prz zone. Did that answer your question my friend?
Nadeem143
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@Jay223, brother you are a professional trader and too good , i am newbie / learner .. i am confusing because i am holding my buy position with target 1.1503 ,, what you suggest should i hold or close
Jay223
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@Nadeem143, I would hold and make your target 1.14691