FX:EURUSD   Euro / U.S. Dollar
After reevaluating my original position at 1.126... I am now looking for a buy entry at 1.12375

100 Pip Target / 25 Pip Stop Loss = 4:1 Reward to Risk

- Confluence with the daily chart reaching an area of liquidity
- Apparent structure and equal highs near TP zone
- Strong Fibonacci Level at entry price from recent swing

Anticipating price during LONDON session to sweep the lows and push towards our buy area
Would expect this trade to be completed by Friday April 5 2019
Trade active: Trade filled and floating around 20 pips in profit. I’d encourage you to place SL at B/E and reduce risks

Comments

Loving this analysis. The 2 things that stand out to me are the 1) confluence in liquidity area and 2) the Fibonacci level.
You and Jordan do an excellent job at making the analysis clear and easy to follow... while educating us olks in the practical applications of the Wyckoff method.
I don't usually trade EU but I am sharing this with my business part for consideration for a very nice swing trade.

Thanks!
Reply
ZacharyHogan bellamoon
@bellamoon, appreciate the kind words, will see if it plays out :)

As of now the analysis stands valid and anticipating to see what happens during London tonight!
Reply
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