EURUSD LONG
DAILY BIAS BULLISH.
Price formed a falling wedge/flag pattern and consolidation for a period. Price broke out of the pattern and close at a new high.
Fibo is used for OTE position 61.8% for ideal retracement level. Price return to Fibo level and bounced off higher levels.
There was a minor resistance level in H1/M15 Time frame that was broken. It became a strong support level that will react both Fibo/OTE level and broken wedge flat resistance TL level.
Long set up at H1/M15 resistance level. SL below Fibo level. Targeting R:R 1:5 if possible for daily swing high level.
Price formed a falling wedge/flag pattern and consolidation for a period. Price broke out of the pattern and close at a new high.
Fibo is used for OTE position 61.8% for ideal retracement level. Price return to Fibo level and bounced off higher levels.
There was a minor resistance level in H1/M15 Time frame that was broken. It became a strong support level that will react both Fibo/OTE level and broken wedge flat resistance TL level.
Long set up at H1/M15 resistance level. SL below Fibo level. Targeting R:R 1:5 if possible for daily swing high level.
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