JakeSummers4x
Long

EURUSD - Long if PA presents itself

FX:EURUSD   Euro / U.S. Dollar
Price has stalled at the 61.8% fib retracement of the bullish move up.

Technicals
- Horizontal range rotation
- Bullish channel rotation
- Bearish Weekly downtrend

Confluences
- 61.8% retracement
- recent structure
- Daily Demand Zone
- Median trendline support
- 127% extension meets massive Supply level

If we end on a bearish candle we could be in for another move down to previous support around 1.800 and then 1.700
Trade active: Lovely move today out of consolidation pattern (falling wedge).
Comment: Price action DID present itself well before the Draghi speech.
Comment: Target 2 hit
Just saw it now .. great catch and clear explanation.. well done Sir
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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