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jcmoneyman
Jan 31, 2022 4:03 AM

Buy EU Long

Euro Fx/U.S. DollarFXCM

Description

M: Downtrend, broke through and retested for the buy
W: Downtrend, broke through and retesting
D: Downtrend, hit -61.8 and consolidating at weekly level.
4H: Price was in downtrend, hit -61.8 on 4H fib. Price is consolidating at a weekly level.
1H: Downtrend. Price retraced to 23.6 (continuation) and hit -61.8 on 1HR FIB, RSI is Bullish.

CURRENTLY: On the minor structure, price is in an uptrend, retraced to 61.8 .

I am looking for price to retest minor trendline then trade then buy to 1HR trendline @ -27 on minor FIB

~40 pips

Trade closed: target reached

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