EURUSDThere is a Reversal-Level spotted in 25 feb 2021 and now its creating the second Reversal-Level again
From the trend line and fibo , The Market would make a short Reversal-Level before continuing the previous Bullish Trend
But if the Market move down below 0.786 fibo level, it might create a new Bearish Trend
just in case If the price move as expected in the chart
This is my set-up
Entry Point = 1.22894
Take Profit 1
43.6 pips = 1.23330
Take Profit 2
118 pips = 1.24074
Take Profit 3
155.1 pips = 1.24445
Stop Loss
-119.9 pips = 1.21695
Risk Reduction Entry = 1.22950
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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.