CapMoore

Support levels for long entry

FX:EURUSD   Euro Fx/U.S. Dollar
446 6 2
Interesting support levels for longs is the confluence
area around 1,3640, Daily S1, Weekly PP, Previous tops
and 50% fib of impulse wave up and AB=CD point.
Next is the 1,3615 area but with less confluence.
R6B8 PRO
2 years ago
At least I think there may be a bounce from this area
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CapMoore R6B8
2 years ago
Good point, removing risk when possible might be a secure strategy if entering a trade. Last week price did reverse, yet
downside risk is still on.
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R6B8 PRO CapMoore
2 years ago
Will prefer to get long closer to the 3550 area, maybe 3580 will be enough. As you mentioned the downside risk is still valid.
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CapMoore R6B8
2 years ago
Yes, it is still natural after that parabolic move to have a deeper correction,
however at this point price in not exactly correcting so strongly,
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krystianfx
2 years ago
from 3650 UP
Reply
CapMoore krystianfx
2 years ago
The confluence of pivots etc should weigh on price from that spike top level, normally.
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