EURUSD's daily candle closed above the 5 EMA on Friday, August 11th. Therefore, I think it will close above the 5 EMA again.
I will use fibs and fib extensions for order placement. Fib extensions range betwwen -4.236 and 4.236.
Each fib line will contain 2 trades. One trade will have a 20 pip stop and a 60 pip take profit target. The second trade will have a...