LewisDawes
Short

Price trap for EURUSD at 50.0% Fibonacci Level

FX:EURUSD   Euro Fx/U.S. Dollar
53 0 5
If you measure from the last High (1.17110) to the Low (1.05146) then back to the most recent High (1.16130) you can see that price now sits around the 50.0% Fibonacci Level.
By drawing this price trap box what you see on the chart, the grey area shows where you will be making profit from the market. For a BUY STOP you will enter your trade at the top of the RED box and take your profit at the top of the GREY box. The same technique applies for a SELL STOP.

You will be able to notice that price always moves through the GREY box each time which is basically creating you LOW RISK trades and MAXIMIZING PROFITS.

Always be aware of your RISK MANAGEMENT.

FX:EURUSD            
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