Hello Traders!
I'm currently watching EUR/USD on the 4HR. If anyone is watching this chart, you're probably wondering if the price will break up or down. If the price breaks below 23.6% of fibonacci, my first TP will be at 50% because there is a support level near 61.8%. If the price continues to fall, my final TP will be at 78.6%. Even though the EUR is currently weak on the momentum meter, I'm waiting for the price to break. If the price breaks to the upside, my TP will be set to 1.1670 because of a resistance level.
Happy Trading
Samantha
I'm currently watching EUR/USD on the 4HR. If anyone is watching this chart, you're probably wondering if the price will break up or down. If the price breaks below 23.6% of fibonacci, my first TP will be at 50% because there is a support level near 61.8%. If the price continues to fall, my final TP will be at 78.6%. Even though the EUR is currently weak on the momentum meter, I'm waiting for the price to break. If the price breaks to the upside, my TP will be set to 1.1670 because of a resistance level.
Happy Trading
Samantha