Entering in at 1.19600, I see myself taking the EUR/USD 0.14% to a retest of structure at 1.20900 with stops below the .50 Fib Retracement Lvl 0.18%
The pair is Moving above the 200 EMA and 200 SMA which signals to me that we are in an up trend.
RSI is showing upward momentum with room to be further extended.
Pair bounced off the .618 Fib with a rejection candle showing trend continuation tot he up side.
Risk is 1.85
This setup is nothing fancy. First time posting an idea, please leave feed back and let me know what you think of this setup.
The pair is Moving above the 200 EMA and 200 SMA which signals to me that we are in an up trend.
RSI is showing upward momentum with room to be further extended.
Pair bounced off the .618 Fib with a rejection candle showing trend continuation tot he up side.
Risk is 1.85
This setup is nothing fancy. First time posting an idea, please leave feed back and let me know what you think of this setup.
Trade closed: stop reached:
Stopping point was met.