Zenigata

EURUSD Buy AB=CD waiting for the 382 Retracement

Long
FX:EURUSD   Euro / U.S. Dollar
92 views
2
I think this is a good buy because of the 200 sma and the 0.382 fibonacci retracement .
I will set the stop-loss below the 0.618 retracement .
Take Profit is 2.618 Fib

Comments

Edit: I stopped the trade at 1.133.
Pattern Verficiation is important. My mistake was taking the trade to early and didn't wait that the C Point was confirmed and the D Projection was reached for a Potential Reversal Trade.
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