Erfan.Parvini
Short

Confluence of 3 Fib.

FX:EURUSD   Euro Fx/U.S. Dollar
457 4 3
We have a confluence of 3 fibs at 1.112s level. The 61.8 retracement of the big leg, the 127 extension and inversion of the last move. On top of that we have a major structure level and the trendline resistance ahead as well. We can wait and see our RSI at that level as well, which most likely it will be OB             . So if we could press up into that pink box shown on the chart, could be a reversal zone.
noo it cant go 1.11 .. its going down .. streai away ..
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In my opinion market can do anything :) but we are always prepared.
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Stoploss & target?????
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Erfan.Parvini pathaniasourabh
I would say 1.12s for stops, and 1.08 initial, and 1.05 secondary targets.
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