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Long

Long setup with liquidity and fibonacci confluences

FX:EURUSD   Euro / U.S. Dollar
79 0 1
The H4 timeframe shows a nice zone of confluences :

- 1.272 Fib extension
- Structure support at 1.1027
- ABCD pattern on both H4 and M15 time frame (blue and red trend lines )

Before reaching this zone the price is retracing on its 61.8 Fib level, so we need to find a way to enter long of this trade. I use to enter on M15 timeframe to find zone of high liquidity which I have located at 1.0866 level. The risk reward is 1:4.
Happy trading !
Trade closed manually

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