theangelwing

EURUSD daily chart not so good

FX:EURUSD   Euro / U.S. Dollar
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After setting up a bull trap that makes technical traders think that any pull back may happen (at least 3 analyst in the webinar I watched saying pull back may happen) after the good bullish bar at the first day of the month Euro keep pushing lower and breaks two weekly supports.

targets and idea :

No signs of recovery yet but pull back may still happen with 1.295 as first resistance and 1.313 max and a downside target around 1.265.

the idea is to look for short entry inside 1.295-1.313 if you trade full time with daily chart either by pattern or divergences. Or look for long entry around 1.265 for any bullish pull back into 1.284-1.295 level IF it reaches there first before the pull back.
Visible long term target for this pair is still 1.23

On the chart above I have weekly and monthly fibonacci pivot levels, I use fibonacci pivot because this type of pivot really fit the price action.
Use http://traido.biz/landingPage/market_alerts/?src=tradingview to sign up for Fibonacci alerts. Also, just check out http://traido.biz/?src=tradingview to set your custom Fibonacci alerts. Thanks. I've been using the custom alerts for a while and they have been a lifesaver.
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Hi thanks for the reply, but no thanks, I made my own indicators.
I already have everything automated to make me see the price action easily here's my chart on MT4
http://s20.postimg.org/jpipkp8gt/1cbb925510386fb06ae244457d3a704a.png
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