EURAUD: Structure + Trendline + Fibo
On 
EURUSD, the market moves sides; there is no clear trend direction on 1H bars.
We have a recent support level at 1.5417, the price respect that zone 3 times and it is expected it will bounce again. Moreover, there is a trendline (dynamic support), which exactly crosses our reversal zone, and fibonnaci level 38.2. All those confluences increase the probability of this set-up; it a good opportunity with a nice risk:reward to go long.
-----------------------------------------------------------------------------------------------------------------------------------------------
Do you Trade Binary Options? We made a list of 10 Best Brokers at binaryreviewed.com
EURUSD, the market moves sides; there is no clear trend direction on 1H bars.We have a recent support level at 1.5417, the price respect that zone 3 times and it is expected it will bounce again. Moreover, there is a trendline (dynamic support), which exactly crosses our reversal zone, and fibonnaci level 38.2. All those confluences increase the probability of this set-up; it a good opportunity with a nice risk:reward to go long.
-----------------------------------------------------------------------------------------------------------------------------------------------
Do you Trade Binary Options? We made a list of 10 Best Brokers at binaryreviewed.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.