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
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