KamalFX
Long

Might have a long opportunity on the Euro Dollar

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             broke out of a ascending channel last week and nose dived down to a strong structure level of previous resistance and now possibly support. I went swing low to swing high noticed price also met the 50% FIB level. .Price has also started to slow down at this level so we may see a reversal.
I believe we still have more room down. The slow down is more related with the holiday.
+1 Reply
KamalFX CoreyInvesFB
Looks like you were right, price retraced off of the 0.618, luckily I set my stop loss at a decent distance to still be in profit!
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