Trend Is Your Friend
We've been running long on EURUSD and have a failed opportunity on our monthly retracement (check tag link). After the major break made this week on the highest level, I see the market going further to make a new high near the monthly support zone. This level is complemented by Fibonacci ABCD pattern.
A retest/retouch is always a compliment to the setup and a good confirmation.
We've been running long on EURUSD and have a failed opportunity on our monthly retracement (check tag link). After the major break made this week on the highest level, I see the market going further to make a new high near the monthly support zone. This level is complemented by Fibonacci ABCD pattern.
A retest/retouch is always a compliment to the setup and a good confirmation.
Trade active:
trade is yet to be initiated as we wait for the confirmation retest
Trade active:
trade initiated
Trade closed manually:
this trade has taken too long to play out. its advisable to quit
