Alright EUR USD finally did it! Broke 1.15400 that in the last months has been really strong and was able to keep the price up. After this breakout we are going to look for some short position! Where? Well the best entry would be 1.15400 obviously but don't really think will reach it , bearish impulse has been strong and don't think there will be a lot of buyers that push price higher. A good zone might be 1.14800 , in lower timeframes you can see a minor resistance. Will update the idea with the picture in 15m. That's what i see , a strong short continuation but we want to keep this train but with a good price like that our R:R will be perfect! See you with the next idea!
Comment:
15m timeframe minor resistance
Comment:
Fibo is the way in these setups! As you can see we are waiting for a retracement and the minor resistance around 1.14700 coincides with 0.386 fibonacci! Look for it
Fibo is the way in these setups! As you can see we are waiting for a retracement and the minor resistance around 1.14700 coincides with 0.386 fibonacci! Look for it
Comment:
1.14300 acted as resistance. In my opinion will try again to break this resistance. We are looking for short position so will enter at 1.14300 that coincides with 0.3 fibonacci retracement
Entry : 1.14260
SL: 1.14600
TP: 1.13100
Entry : 1.14260
SL: 1.14600
TP: 1.13100
Trade closed: stop reached
