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InkyGrip
Apr 20, 2023 6:53 AM

EURUSD a turn at 0.886 Fib 🦐 

Euro / U.S. DollarFOREX.com

Description

EURUSD on the 4h chart after the break of the 1.10 area retraced below the monthly structure over a previous resistance now turned support.
The market tested perfectly the 0.886 Fibonacci level and is consolidating below the key level.

A break above the area will shoes bullish increasing pressure and also for that reason we can consider a long order.
If the price will move as expected and the Strategy will be satisfied we can set a buy order according to the MTB Plancton's strategy rules.

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breaking above as expected

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moving in the resistance area

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as expected

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rejected by the previous high

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waiting for the break of the descending trendline
Comments
LegionQ8
Very goood analysis, thanks for sharing!
InkyGrip
@LegionQ8, thanks brother
jpeacockfx
Lovely work here! We agree with your analysis, keep it up!!
InkyGrip
@jpeacockfx, thanks so much
Gold-Tech
Thanks for the hard work. I like your chart
InkyGrip
@Gold-Tech, thanks dear
KlejdiCuni
Keep up the good work mate! Thanks for sharing!
InkyGrip
@KlejdiCuni, thanks buddy
FirstNameHelen
Wow, this is interesting. Your idea is mostly correct
InkyGrip
@FirstNameHelen, you are welcome
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