EURUSD BUY @ SUPPORT & WEEKLY 61.8 FIB
1. REASON FOR ENTRY: SUPPORT
2. REASON FOR ENTRY: 61.8 FIB (WEEKLY TIME FRAME)
3. REASON FOR ENTRY: STOCHASTIC BULLISH HIDDEN DIVERGENCE
4. REASON FOR ENTRY: HAMMER AT SWING LOW FOLLOWED BY BULLISH ENGULFING CANDLE
5. TARGET: 61.8 RETRACEMENT OF PRIOR DOWN SWING (1.1350)
2. REASON FOR ENTRY: 61.8 FIB (WEEKLY TIME FRAME)
3. REASON FOR ENTRY: STOCHASTIC BULLISH HIDDEN DIVERGENCE
4. REASON FOR ENTRY: HAMMER AT SWING LOW FOLLOWED BY BULLISH ENGULFING CANDLE
5. TARGET: 61.8 RETRACEMENT OF PRIOR DOWN SWING (1.1350)
Note
& STOCHASTIC DIVERGENCE (FORGOT TO MENTION THAT ONE)Note
Took some profits off the table and moved my stop to entry.Note
TARGET UPDATED TO 1.13105/1.1315 (50% FIB)CHART IMAGE:
Note
Hopefully the 1.1240-1.1255 zone holds as support here and we can get strong move up past the 38.2% (where we just rejected from) and on up to the 50%.
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