1. On D1 chart, price already on zone 16.8 and reject 11 (ending zone)
2. On 4H chart, just wait until price get into blue zone
3. On H1 chart, best place to trade as below :
PO Buy Limit 1 = 1.10823
PO Buy Limit 2 = 1.10732
Stop Loss = 1.10604 (20 pips)
As you can see EURUSD made strong impulse, it can be reversal. I want to see 1h flag and only then i will take that breakout.
REMEMBER: Don't jump in buy to early!
So keep an eye on it & be patient & trade with care! :)
Look at my previous perfect USDCAD analysis! AMAZING, right?
EURUSD is testing our first support at 1.2228 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure). A bounce might occur above this level, pushing price up to our major resistance at 1.2341 (50%, Fibonacci retracement, horizontal swing high resistance). A breakout of our intermediate resistance at 1.2285...