nch
Long

Wait for the retracement

FX:EURUSD   Euro Fx/U.S. Dollar
125 1 6
The EURUSD             is in a channel, with the last news from US (NFP low figure) the price shoots and reach 50% retracement of the down move.

I would expect the price to retrace another 50% of the up move where it would hit the major support-resistance-resistance and again support level.

I will look for buy opportunities in the next days if the price hit the those levels.
patmat
6 months ago
hi nch, what about first blue narrow you ticked just after stronger bullish movement. What are your prediction in relation to further background? Do you suggest that the market is going to reach 38.2% retracement level?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out