Euro Potential Buy
Euro is currently on an uptrend on the W and D Timeframe. It has pulled back into the 38.2 fib on daily which is very likely to be respected due to the sellers exhaustion we saw on Wednesday. On top of this, euro is has now perfectly retesting the weekly descending trendline it has broken out of, and is now testing a previous D resistance as support, which adds a ton of confluence to this trade. on m30 it has also broken out of the counter trendline. We are just waiting for a break of m30 resistance and a HL point. Failure to break a level of minor resistance invalidates this setup. But a break and HL would continue the overall flow of this trend. Next HH point based on the Daily which is our overall target is 1.17000. A 500 pip move. Enjoy
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.