EUR/USD clean 1:5.5 risk reward high probability trade!
Confluences:
-Price failed to break the daily resistance, so I'd expect a retrace to the 61.8 daily fib level which overlaps perfectly with a reversal zone.
-I will buy then and take EU to the next zone taking partials at the major resistance line (considering the stop loss is low I can place a higher lot size)
-Stop loss will be at the 71.8 which lines up perfectly with the 2 4h wick rejections.
Good luck these weeks with the trades
-Price failed to break the daily resistance, so I'd expect a retrace to the 61.8 daily fib level which overlaps perfectly with a reversal zone.
-I will buy then and take EU to the next zone taking partials at the major resistance line (considering the stop loss is low I can place a higher lot size)
-Stop loss will be at the 71.8 which lines up perfectly with the 2 4h wick rejections.
Good luck these weeks with the trades
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.