Analysis of #EURUSD
Hi traders, today we will have a look at #EURUSD
this is a simple idea where the market has been struggling to keep going up and right now I am waiting for the market to torch the FIB 0.61 level retracements and provide me with their reversal pattern before I commit to a selling entry
I am looking at the chart you can see also that this pattern of the 65th Fibonacci actually coincides with the previous swing low so.
I think it's going to be a good idea to sell the market here and probably wait for confirmation on the lower time frame like the 15 minutes time frame before committing to an entry the target will be the closes of the candles for the next level of support
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #EURUSD
this is a simple idea where the market has been struggling to keep going up and right now I am waiting for the market to torch the FIB 0.61 level retracements and provide me with their reversal pattern before I commit to a selling entry
I am looking at the chart you can see also that this pattern of the 65th Fibonacci actually coincides with the previous swing low so.
I think it's going to be a good idea to sell the market here and probably wait for confirmation on the lower time frame like the 15 minutes time frame before committing to an entry the target will be the closes of the candles for the next level of support
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
