EURUSD might reach the target icon.
If that happens, arrows are pointing bearish:
- overall trend is bearish even before brexit
- bottom of bearish orderblock (bullish candle before the last downmove) reached
- fib overlayed gives an optimal trade entry at 61.8% right on top of the bearish orderblock
Entry: 1.11620-1.11780
Exit: 1.09940-1.09920
If that happens, arrows are pointing bearish:
- overall trend is bearish even before brexit
- bottom of bearish orderblock (bullish candle before the last downmove) reached
- fib overlayed gives an optimal trade entry at 61.8% right on top of the bearish orderblock
Entry: 1.11620-1.11780
Exit: 1.09940-1.09920
Note
I noticed my old analysis still stands. That's good. This is the chart I got which basically describes the scenario if this orderblock gets raided:Note
Reached the 2 standard deviations of the night's range.
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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.