EURUSD Price Action and Fibonacci Ret. Confluence Motivation

FX:EURUSD   Euro / U.S. Dollar
Motivation to learn Price Action and Confluence

Bullish Pattern formed on fibonacci retracement level, two consecutive patterns 3Bar Pinocchio and 1Bar Pinocchio Bar

Entry at highest, SL and lowest, TP at fibonacci retracement level

Trailing Stop is prefered and used to optimize risk/reward ratio (when SL is trailed the reward increases in relation to the hard entered SL) (currently SL trailed to be 6.9Pips an TP 53Pips for a 1:7.6 r:r ratio)

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