848evo

[ANALYSIS] EURUSD Rebounds 61.8 but Channel Holding

FX:EURUSD   Euro Fx/U.S. Dollar
139 0 7
EURUSD             had a sharp and quick rebound off the 61.8 fib level, but not enough to break the upper channel. I'm still waiting for a long opportunity because as you can see even if PA breaks to the downside, there isn't a lot of room for it to go before hitting a major support area . We also see an inverted hammer followed by an engulfing candle signaling more upside movement. Waiting to see...

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***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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