pardeepk

EUR/USD wait for retracement

Long
FX:EURUSD   Euro / U.S. Dollar
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2
Price action currently broke out of the ichimoku cloud and trend line , and so a retracement may occur. the plan here is to wait for a retracement to one of the key levels and look for a bounce at these levels. By looking at the D1 chart, we can also see that price is above the ichimoku cloud as well, indicating a bullish trend overall. There is good support for this pair as well. Limits are illustrated on the chart.

Comments

First limit was met! Now, we should draw a fibonacci on the LATEST uptrend swing to see if the price would bounce off these levels again.
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Good to see the ichimoku cloud doing its job it was meant for :) very good chart view!
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good
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