pardeepk
Long

EUR/USD wait for retracement

FX:EURUSD   Euro / U.S. Dollar
616 3 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.
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.
Reply
Good to see the ichimoku cloud doing its job it was meant for :) very good chart view!
Reply
good
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out