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FiboTradeMasters
Dec 5, 2019 10:31 AM

EURUSD Fibo Remain Open Long, Add more longs Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD fibo bas been faithfully hitting 1.618 / 2.618 levels before trend turning since 2017 (scroll backwards to see fibo charts). However this is a tricky one, with EURUSD hitting a double fibo dip prior to this trend turn to bull.

It did a perfect 61.8% level retracement and looks set to continue towards 1.618 level from here.

Midterm target: 1.1470
1st stop: 1.0980
2nd stop: 1.0880

Risk / Reward ranging from 2-6X depending on entry level.

Good luck and please like this post to support more ideas in future! =)
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